Chart: IDXX

Last night I was scanning sectors that had outperfomed the market over the past month. Number one on the list was Diagnostics, a sub-industry in the Healthcare sector.

A stock that caught my eye that had not been showing up on my nightly scans and focus lists was IDXX. Most of my scans use a volume cutoff, and IDXX is not a high volume stock. However, the stock is showing signs of accumulation.

The stock looks to be consolidating it’s gains before making it’s next move. I may take a small “probing” position here at $107, with a stop under recent congestion at $103.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Blog at WordPress.com.

Up ↑

%d bloggers like this: