Trend Tracker for (IDXX)

June 19, 2024, 00:12 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IDXX

• Buy IDXX slightly over 467.27 target 523.36 stop loss @ 465.92 Details

The technical summary data tells us to buy IDXX near 467.27 with an upside target of 523.36. This data also tells us to set a stop loss @ 465.92 to protect against excessive loss in case the stock begins to move against the trade. 467.27 is the first level of support below 503.6 , and by rule, any test of support is a buy signal. In this case, support 467.27 would be being tested, so a buy signal would exist.

• Short IDXX slightly under 523.36, target 467.27, stop loss @ 524.87 Details

The technical summary data is suggesting a short of IDXX as it gets near 523.36 with a downside target of 467.27. We should have a stop loss in place at 524.87though. 523.36 is the first level of resistance above 503.6, and by rule, any test of resistance is a short signal. In this case, if resistance 523.36 is being tested, so a short signal would exist.

Swing Trading Plans for IDXX

• Buy IDXX slightly over 515.21, target 523.36, Stop Loss @ 513.72 Details

If 515.21 begins to break higher, the technical summary data tells us to buy IDXX just slightly over 515.21, with an upside target of 523.36. The data also tells us to set a stop loss @ 513.72 in case the stock turns against the trade. 515.21 is the first level of resistance above 503.6, and by rule, any break above resistance is a buy signal. In this case, 515.21, 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 515.21, target 500.86, Stop Loss @ 516.7. Details

The technical summary data is suggesting a short of IDXX if it tests 515.21 with a downside target of 500.86. We should have a stop loss in place at 516.7 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, 515.21, 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 503.8, target 515.21, Stop Loss @ 502.62 Details

If 503.8 begins to break higher, the technical summary data tells us to buy IDXX just slightly over 503.8, with an upside target of 515.21. The data also tells us to set a stop loss @ 502.62 in case the stock turns against the trade. 503.8 is the first level of resistance above 503.6, and by rule, any break above resistance is a buy signal. In this case, 503.8, 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 503.8, target 500.86, Stop Loss @ 504.98. Details

The technical summary data is suggesting a short of IDXX if it tests 503.8 with a downside target of 500.86. We should have a stop loss in place at 504.98 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, 503.8, 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 Inc. (IDXX) available here: IDXX.

IDXX Ratings for June 19:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	467.27
P2	493.8	500.86	523.36
P3	503.8	515.21	578.07

AI Generated Signals for IDXX

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The data for Idexx Laboratories Inc. (NASDAQ: IDXX) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for IDXX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if IDXX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for IDXX too.  All of these are offered below the Summary Table.