Today's Volume: 1.57 million
Average Volume: 360,892
Volume % Change: 605%
From a technical perspective, CYBX is rebounding here off oversold levels with heavy upside volume. This stock recently plunged badly from $56.73 to today's low of $43.23 with heavy downside volume flows. That move pushed shares of CYBX into oversold territory, since the stock's current relative strength index is 21.60. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful bounce higher from.
Traders should now look for long-biased trades in CYBX as long as it's trending above today's low of $43.23, and then once it sustains a move or close back above its 200-day moving average of $46.14 with volume that hits near or above 360,892 shares. If that move triggers soon, then CYBX could easily rebound back towards its 50-day moving average of $51.45.
(IDXX - Get Report)
develops, manufactures and distributes products and provides services mainly for the veterinary and the production animal, water testing and dairy markets. This stock is trading up 1% at $96.01 in recent trading.
Today's Volume: 814,000
Average Volume: 301,638
Volume % Change: 440%
From a technical perspective, IDXX is moving modestly higher here right above its 50-day moving average of $93.84 with above-average volume. This stock has been uptrending decent for the last three months, with shares moving higher from its low of $87.51 to its recent high of $98.02. During that move, shares of IDXX have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of IDXX within range of triggering a near-term breakout trade. That trade will hit if IDXX takes out some near-term overhead resistance levels at $98.02 to $99.20 with high volume.
Traders should now look for long-biased trades in IDXX as long as it's trending above $95, and then once it sustains a move or close above those breakout levels with volume that hits near or above 301,638 shares. If that breakout triggers soon, then IDXX will set up to re-test or possibly take out its 52-week high of $101.18. Any move above that level will then push shares of IDXX into new 52-week-high territory, which is bullish technical price action.