Laboratory Corp of America Holdings Crosses Above its 10-day MA (LH)
Today, shares of Laboratory Corp of America Holdings (NYSE:LH) have advanced above their 10-day MA of $128.02 on a volume of 177K 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.
Laboratory Corp of America Holdings share prices have moved between a 52-week high of $131.99 and a 52-week low of $97.79 and are now trading 32% above that low price at $128.85 per share. 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 14.4%. 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