• Return to Headlines

After Yesterday's Rally of 1.35% Shares Could Potentially Pullback

By James Quinn

Idexx Labs (NASDAQ:IDXX) traded in a range yesterday that spanned from a low of $245.71 to a high of $249.35. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $248.09 on volume of 130,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Idexx Labs has traded in a range of $85.98 to $256.22 and is now at $248.64, 189% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Idexx Labs on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $198.35. Since that recommendation, shares of Idexx Labs have risen 23.8%. We continue to monitor IDXX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders idexx labs

Ticker(s): IDXX