On a bullish Thursday of trading, the stock of Idexx Laboratories, Inc. (Symbol: IDXX) surged above its 200-day moving average of $501.61, reaching as high as $505.06 per share. Idexx Laboratories, Inc. shares saw a significant uptick of about 3.1% within the day, showcasing strong momentum in the market. The performance of IDXX shares over the past year in comparison to its 200-day moving average is depicted in the chart below:

Examining the chart reveals that the lowest point of IDXX within its 52-week range stood at $372.50 per share, while the peak hit $583.39. This aligns with the latest trading price of $500.82. The surge above the 200-day moving average indicates a positive outlook for the stock, arousing optimism among investors.