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Laboratory Cp Crosses Below its 10-day MA (LH)

By Nick Russo

Laboratory Cp (NYSE:LH) shares have crossed bearishly below their 10-day moving average of $174.47 on a volume of 353K 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.

In the past 52 weeks, shares of Laboratory Cp have traded between a low of $119.38 and a high of $188.65 and are now at $171.34, which is 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 0.4%.

SmarTrend recommended that subscribers consider buying shares of Laboratory Cp on May 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $159.80. Since that recommendation, shares of Laboratory Cp have risen 11.5%. We continue to monitor LH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses laboratory cp

Ticker(s): LH