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Bearish Moving Average Cross by Laboratory Corp of America Holdings (LH)

By Amy Schwartz

Laboratory Corp of America Holdings (NYSE:LH) crossed under its 10-day moving average of $140.28 on a volume of 115K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Laboratory Corp of America Holdings share prices have moved between a 52-week high of $146.63 and a 52-week low of $97.79 and are now trading 43% above that low price at $140.08 per share. The 200-day and 50-day moving averages have moved 0.04% higher and 1.05% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Laboratory Corp of America Holdings on January 9th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $130.21. Since that recommendation, shares of Laboratory Corp of America Holdings have risen 7.9%. We continue to monitor LH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses laboratory corp of america holdings

Ticker(s): LH