Score 9.2 (out of 10): IDEXX LABORATORIES INC poised to seasonally rally by +8.6% during the next 60 days.

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What’s Going On Here?

IDEXX is a leader in veterinary medical products. Quarterly results were better than expected, expansion of operating margins (+25%) and raising full-year earnings guidance are also other positives. Animal health still seems to be an interesting business, especially since work-from-home has resulted in many families adding some ‘family members’.

Why Now?

IDEXX LABORATORIES INC indicates an interesting 60 days seasonal set up. During similar occasions, IDEXX LABORATORIES INC shares had a median return of +8.6% – based on 10 historical occasions with 10 of those showing positive returns (100%). This buy signal for IDEXX LABORATORIES INC received a high score of 9.2 (out of 10). This insight was generated with last price of 611.43.

What’s This Company About?

IDEXX LABORATORIES INC is in the Diagnostic Kits business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 6% more (average). Ticker symbol: IDXX US.

What’s My Risk / Reward and Time Horizon?

We found 60 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 664.19 (+8.6%) has been reached. Based on IDEXX LABORATORIES INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 563.13 (last price at 611.43), which is equivalent to a -7.9% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

8.3% (December-2021), 8.9% (December-2020), 6.6% (December-2019), 12.2% (December- 2018), 20.3% (December-2017), 1.8% (December-2016), 5.2% (December-2015), 11.5% (December-2014), 1.5% (December-2013), 14.8% (December-2012)

Historical Chart:

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Summary:

NameIDEXX LABORATORIES INC
ViewUp
Star (1 to 10)9.2
Target+8.6%
Time60 days
Hit Rate100%

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