Idex Corp. (IEX) is a stock for traders to key on, writes John Eade, president of Argus Research.
Idex designs and makes fluidics systems and specialty engineered products for a range of industrial end markets, including healthcare, transportation, food, water, and energy. IEX was a long-term winner as price consistently outperformed the S&P 500 Index (^SPX) as well as the industrial sector from 2001 until 2022. But that relative strength vanished – and the stock has gone nowhere for more than five years.
Idex Corp. (IEX)
Data by YCharts
Price oscillated in a wide range between $153 and $246 during that period, with the last low occurring over several months in 2025. In the latter part of November, though, the shares started to rally. They have made a series of higher highs and higher lows since then, with some evidence of institutional accumulation.
IEX recently peaked at $215 on Feb. 10 and, in recent weeks, price traced out a tight bull flag back to the 21-day exponential moving average and bounced. We would place a stop-loss just below chart and moving-average support at $194. We would take profits at $225, ahead of the resistance that starts at $230.
