September 18, 2023, 12:30 pm ET, BY Quentin W. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IDXX
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short IDXX slightly under 484.41, target n/a, stop loss @ 485.81 Details
The technical summary data is suggesting a short of IDXX as it gets near 484.41, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 485.81. 484.41 is the first level of resistance above 451.01, and by rule, any test of resistance is a short signal. In this case, if resistance 484.41 is being tested, so a short signal would exist.
Swing Trading Plans for IDXX
- Buy IDXX slightly over 474.73, target 484.41, Stop Loss @ 473.36 Details
If 474.73 begins to break higher, the technical summary data tells us to buy IDXX just slightly over 474.73, with an upside target of 484.41. The data also tells us to set a stop loss @ 473.36 in case the stock turns against the trade. 474.73 is the first level of resistance above 451.01, and by rule, any break above resistance is a buy signal. In this case, 474.73, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short IDXX slightly near 474.73, target 448.61, Stop Loss @ 476.1. Details
The technical summary data is suggesting a short of IDXX if it tests 474.73 with a downside target of 448.61. We should have a stop loss in place at 476.1 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 474.73, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for IDXX
- Buy IDXX slightly over 456.43, target 474.73, Stop Loss @ 455.37 Details
If 456.43 begins to break higher, the technical summary data tells us to buy IDXX just slightly over 456.43, with an upside target of 474.73. The data also tells us to set a stop loss @ 455.37 in case the stock turns against the trade. 456.43 is the first level of resistance above 451.01, and by rule, any break above resistance is a buy signal. In this case, 456.43, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short IDXX slightly near 456.43, target 448.61, Stop Loss @ 457.49. Details
The technical summary data is suggesting a short of IDXX if it tests 456.43 with a downside target of 448.61. We should have a stop loss in place at 457.49 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 456.43, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Idexx Laboratories (IDXX) available here: IDXX.
IDXX Ratings for September 18:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Weak |
Strong |
P1 |
0 |
0 |
484.41 |
P2 |
448.38 |
448.61 |
531.10 |
P3 |
456.43 |
474.73 |
578.04 |
AI Generated Signals for IDXX
Blue = Current Price
Red = Resistance
Green = Support
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