• Return to Headlines

Watch for Idexx Labs to Potentially Rebound After Falling 3.66% Yesterday

By Amy Schwartz

Idexx Labs (NASDAQ:IDXX) traded in a range yesterday that spanned from a low of $196.00 to a high of $206.00. Yesterday, the shares fell 3.7%, which took the trading range below the 3-day low of $205.63 on volume of 791,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 5.3%. We continue to monitor IDXX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Idexx Labs have traded between a low of $85.98 and a high of $217.89 and are now at $201.32, which is 134% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.6%.

Keywords: rebounders idexx labs

Ticker(s): IDXX