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Laboratory Corp of America Holdings Crosses Above its 10-day MA (LH)

By Amy Schwartz

Laboratory Corp of America Holdings (NYSE:LH) crossed over its 10-day moving average of $140.52 on a volume of 170K 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.

In the past 52 weeks, Laboratory Corp of America Holdings share prices have been bracketed by a low of $97.79 and a high of $146.63 and are now at $141.15, 44% above that low price. Over the past week, 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 7.8%. 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