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Bullish Moving Average Cross by Idexx Laboratories (IDXX)

By Shiri Gupta

Today, shares of Idexx Laboratories (NASDAQ:IDXX) have advanced above their 10-day MA of $81.18 on a volume of 713K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Idexx Laboratories share prices have moved between a 52-week high of $84.25 and a 52-week low of $56.74 and are now trading 46% above that low price at $82.93 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Idexx Laboratories on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.77. Since that recommendation, shares of Idexx Laboratories have risen 12.6%. We continue to monitor IDXX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses idexx laboratories

Ticker(s): IDXX