How the price action of Idexx Laboratories ($IDXX) is used to our Advantage
June 03, 2023, 21:45 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IDXX
- Buy IDXX slightly over 454.49 target 497.97 stop loss @ 453.18 Details
The technical summary data tells us to buy IDXX near 454.49 with an upside target of 497.97. This data also tells us to set a stop loss @ 453.18 to protect against excessive loss in case the stock begins to move against the trade. 454.49 is the first level of support below 470.83 , and by rule, any test of support is a buy signal. In this case, support 454.49 would be being tested, so a buy signal would exist.
- Short IDXX slightly under 497.97, target 454.49, stop loss @ 499.41 Details
The technical summary data is suggesting a short of IDXX as it gets near 497.97 with a downside target of 454.49. We should have a stop loss in place at 499.41though. 497.97 is the first level of resistance above 470.83, and by rule, any test of resistance is a short signal. In this case, if resistance 497.97 is being tested, so a short signal would exist.
Swing Trading Plans for IDXX
- Buy IDXX slightly over 497.97, target 542.11, Stop Loss @ 496.53 Details
If 497.97 begins to break higher, the technical summary data tells us to buy IDXX just slightly over 497.97, with an upside target of 542.11. The data also tells us to set a stop loss @ 496.53 in case the stock turns against the trade. 497.97 is the first level of resistance above 470.83, and by rule, any break above resistance is a buy signal. In this case, 497.97, 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 497.97, target 469.37, Stop Loss @ 499.41. Details
The technical summary data is suggesting a short of IDXX if it tests 497.97 with a downside target of 469.37. We should have a stop loss in place at 499.41 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, 497.97, 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 475.13, target 497.97, Stop Loss @ 474.02 Details
If 475.13 begins to break higher, the technical summary data tells us to buy IDXX just slightly over 475.13, with an upside target of 497.97. The data also tells us to set a stop loss @ 474.02 in case the stock turns against the trade. 475.13 is the first level of resistance above 470.83, and by rule, any break above resistance is a buy signal. In this case, 475.13, 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 475.13, target 469.37, Stop Loss @ 476.24. Details
The technical summary data is suggesting a short of IDXX if it tests 475.13 with a downside target of 469.37. We should have a stop loss in place at 476.24 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, 475.13, 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.
This is a snapshot. Real Time Updates are available on our IDXX Page.
IDXX Ratings for June 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
454.49 |
| P2 |
465.37 |
448.62 |
497.97 |
| P3 |
475.13 |
469.37 |
542.11 |
Support and Resistance Plot Chart for IDXX
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Idexx Laboratories (NASDAQ: IDXX) data table below can help you with price action, and we have more details too. Trading plans for IDXX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for IDXX:
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