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After Yesterday's Rally of 4.43% Shares Could Potentially Pullback

By David Diaz

Laboratory Cp (NYSE:LH) traded in a range yesterday that spanned from a low of $176.96 to a high of $184.33. Yesterday, the shares gained 4.4%, which took the trading range above the 3-day high of $178.39 on volume of 757,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Laboratory Cp and will alert subscribers who have LH in their portfolio or watchlist when shares have changed trend direction.

Laboratory Cp share prices have moved between a 52-week high of $184.33 and a 52-week low of $137.82 and are now trading 33% above that low price at $183.27 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

Keywords: rebounders laboratory cp

Ticker(s): LH