• user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 576959 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1414175580 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1414175580 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Possible Bearish Inside Day Candle Pattern Detected for IDEX (NYSE:IEX)

Published on Thu, 10/03/2013 - 07:25
By Robert Cotter

Analysts have spotted a possible bearish inside day candle pattern in IDEX (NYSE:IEX) based on the price action in the company's shares. Yesterday's price range of $65.28 and $65.93 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of IDEX may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Over the past year, IDEX has traded in a range of $39.74 to $66.72 and closed yesterday at $65.75, 65% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.6%.

IDEX (NYSE:IEX) is currently priced 5.2% above its average consensus analyst price target of $62.33. The stock should discover initial support at its 50-day moving average (MA) of $61.72 and subsequent support at its 200-day MA of $54.45.

IDEX Corporation designs, manufactures, and markets a variety of pump products, dispensing equipment, and other engineered products. The Company's products include industrial pumps, lubrication systems, banding and clamping devices, and rescue tools. IDEX markets its products to customers in the United States and overseas.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Trading Higher on Heavy Volume are Share...

Shares of Phillips-Van Heusen are trading today in above average volume, with the share ...

Volume Spike Detected in Shares of SVB F...

Shares of SVB Financial are trading down 3.2% to $102.61 today on above average volume. ...

W&T Offshore Makes a Move: Down 1.4%...

W&T Offshore (NYSE:WTI), a company whose shares are moving quickly, is trading 1.4% low ...

Ingram Micro's Shares Changing Hands at ...

Shares of Ingram Micro are trading today in above average volume, with the share price ...

Stock Investors Bid Up Shares of Microch...

Microchip Technology (NASDAQ:MCHP) is a company whose shares are active, trading 1.4% h ...

Informatica's Shares Changing Hands at H...

Shares of Informatica are trading today in above average volume, with the share price r ...

Stock Investors Bid Up Shares of Progres...

One of today's notable stocks on the rise is Progressive (NYSE:PGR), up 1.4% to $25.79. ...

Volume Spike Detected in Shares of Avery...

Shares of Avery Dennison are trading today in above average volume, with the share pric ...