IDEXX Laboratories develops, manufactures, and distributes products and provides services for the companion animal veterinary, livestock and poultry, dairy and water testing industries. Co.'s segments are: Companion Animal Group, which provides diagnostic and information management-based products and services for the companion animal veterinary industry; Water quality products, which provides testing solutions for detection and quantification of various microbiological parameters in water; and Livestock, Poultry and Dairy, which provides diagnostic tests, services and related instrumentation that are used to manage the health status of livestock and poultry.
When researching a stock like Idexx Laboratories, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from IDXX Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for IDXX stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the IDXX 200 day moving average ("IDXX 200 DMA"), while one of the most popular "shorter look-backs" is the IDXX 50 day moving average ("IDXX 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Idexx Laboratories. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the IDXX 200 DMA and the IDXX 50 DMA, we get a moving average convergence divergence indicator ("IDXX MACD"). The IDXX MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis