IDXX closes higher for the 5th day in a row


IDEXX Laboratories (IDXX) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
IDXX closes above its opening price after recovering from early selling pressure
IDXX closes higher for the 5th day in a row
IDXX ends the day on a bullish note closing near the high of the day
IDXX pushes through previous session high
IDXX rises to highest close since Inception
TQ Sentiment
Technical Forecast:
Overview

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.

Daily chart for IDXX
Volatility

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.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

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
ConditionForecastDirectionWinAvgWorstBestEvents
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
More market conditions identified for TQ Pro members...
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