IDEXX Laboratories (IDXX) Shares are Up 16.27%

IDEXX Laboratories (IDXX) : Traders are bullish on IDEXX Laboratories (IDXX) as it has outperformed the S&P 500 by a wide margin of 12.05% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 15.78%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 16.27% in the last 1 week, and is up 14.84% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

IDEXX Laboratories (NASDAQ:IDXX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $108.57 and $108.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $109.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $109.05, notching a gain of 0.99% for the day. The total traded volume was 421,544 . The stock had closed at $107.98 on the previous day.

The stock has recorded a 20-day Moving Average of 13.73% and the 50-Day Moving Average is 18.26%. IDEXX Laboratories, Inc. is up 25.94% in the last 3-month period. Year-to-Date the stock performance stands at 49.55%.

IDEXX Laboratories (IDXX) : The highest level IDEXX Laboratories (IDXX) is projected to reach is $120 for the short term and the lowest estimate is at $85. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $99.5 and the possibility the share price can swing is $14.75.


IDEXX Laboratories, Inc. develops, manufactures and distributes products and provides services primarily for the companion animal veterinary, livestock and poultry, water testing and dairy markets. The Company sells a line of portable electrolytes and blood gas analyzers for the human point-of-care medical diagnostics market. Its segments include Companion Animal Group (CAG), Water, Livestock, Poultry and Dairy, and Other. Its Products and services include point-of-care veterinary diagnostic products; veterinary reference laboratory diagnostic and consulting services; practice management systems and services, and digital imaging systems; biological materials testing, laboratory animal diagnostic instruments and services; diagnostic, health-monitoring and food safety testing products for livestock, poultry and dairy; products that test water for microbiological contaminants, and point-of-care electrolytes and blood gas analyzers for the human point-of-care medical diagnostics market.

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