IDXX closes higher for the 5th day in a row
Moving higher for the 5th day in a row, IDXX ended Thursday at 226.08 gaining $3.50 (1.57%) on low volume. Today's closing price of 226.08 marks the highest close since Inception. Trading up to $1.77 lower after the open, IDEXX Laboratories managed to reverse during the session as bulls took control ending the day above its opening price. Closing above Wednesday's high at 224.50, the market confirms its breakout through the prior session's high having traded $1.70 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Thursday's trading range was $3.77 (1.68%), that's slightly below last trading month's daily average range of $4.08. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only slightly bullish while our quantitative statistics show a bullish sentiment.
Market Conditions for IDEXX Laboratories
|4 Consecutive Lower Closes||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Black Candle||TQ Pro Members Only|
|Bounced off Technical Support S1||TQ Pro Members Only|
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