Laboratory Corp of America Holdings Bearish Moving Average Crossover Alert (LH)
Today, shares of Laboratory Corp of America Holdings (NYSE:LH) have fallen below their 10-day MA of $125.86 on a volume of 108K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Laboratory Corp of America Holdings has traded in a range of $97.79 to $128.84 and is now at $125.24, 28% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.
SmarTrend recommended that subscribers consider buying shares of Laboratory Corp of America Holdings on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $110.54. Since that recommendation, shares of Laboratory Corp of America Holdings have risen 14.2%. 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