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Laboratory Corp of America Holdings Bullish Moving Average Crossover Alert (LH)

By Amy Schwartz

Today, shares of Laboratory Corp of America Holdings (NYSE:LH) have advanced above their 10-day MA of $143.11 on a volume of 155K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Laboratory Corp of America Holdings has traded in a range of $97.79 to $145.64 and is now at $144.66, 48% 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 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 9.7%. 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