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Stock Charts AI Power Rank: 2.4
Power Rank trend -> Falling
07/26/2024 16:10:00 EST
IDEX Corporation (IEX)
Industry: Specialty Industrial Machinery
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, IEX has been trading in a range between $210.81 and $194.69 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
IEX is trading between resistance at $206.69 about 0% to the upside and support at $194.69 -6% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $217.11, about a 5% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
IDEX Corporation $IEX entered a Green zone 1 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $233.45, a potential upside of 13.07% from the recent price of 206.46. The stock is trading 18.56% (potential upside) below its 52 week high of $244.77 and 13.43 % (potential downside) above its 52 week low of $182.02 - based on the recent price.
Company Summary
IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.
News
| Will Idex (IEX) Beat Estimates Again in Its Next Earnings Report? Idex (IEX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. Source: Zacks Investment Research Fri, 26 Jul 2024 13:10:54 -0400 Sentiment: Positive |
| Earnings Preview: Idex (IEX) Q2 Earnings Expected to Decline Idex (IEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Source: Zacks Investment Research Wed, 24 Jul 2024 11:06:29 -0400 Sentiment: Negative |
| Industrial pump maker IDEX Corp to buy Mott Corp for $1 billion Industrial pump maker IDEX Corp said on Tuesday it would buy filtration products maker Mott Corp for $1 billion in cash. Source: Reuters Tue, 23 Jul 2024 09:08:26 -0400 Sentiment: Positive |
| IDEX Corporation to Acquire Mott Corporation, Expanding Applied Materials Science Technology Capabilities Across High-Value End Markets NORTHBROOK, Ill.--(BUSINESS WIRE)--IDEX Corporation (NYSE: IEX) (“IDEX”) today announced it has entered into a definitive agreement to acquire Mott Corporation and its subsidiaries (“Mott”) for cash consideration of $1 billion (the “transaction”), subject to customary adjustments. When adjusted for the present value of expected tax benefits of approximately $100 million, the net transaction value is approximately $900 million. This represents approximately 19x Mott's forecasted full year 2024 E. Source: Business Wire Tue, 23 Jul 2024 08:47:00 -0400 Sentiment: Neutral |
| Here's Why You Should Retain IDEX (IEX) in Your Portfolio Strength in the FSDP segment poises IDEX (IEX) well for growth. The company's measures to reward its shareholders are promising. Source: Zacks Investment Research Tue, 16 Jul 2024 11:06:16 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 244.7689 52 Week Low: 182.0208 Beta: 0.95 50 Day MA: 205.4562 200 Day MA: 214.1987 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.13 Qtr Revenue Growth YOY: -0.053 Forward PE: 27.933 Trailing PE: 27.0945