• Return to Headlines

Laboratory Cp (LH) Approaches New Downside Target of $152.68

By David Diaz

Shares of Laboratory Cp (NYSE:LH) have bearishly opened below the pivot of $153.09 today and have reached the first support level of $152.86. Investors may be interested in a cross of the next downside pivot targets of $152.68 and $152.27.

Laboratory Cp share prices have moved between a 52-week high of $190.36 and a 52-week low of $119.38 and are now trading 28% above that low price at $153.05 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.3%.

Laboratory Cp (NYSE:LH) has potential upside of 27.4% based on a current price of $153.05 and analysts' consensus price target of $194.94. The stock should find resistance at its 200-day moving average (MA) of $162.61, as well as support at its 50-day MA of $140.03.

SmarTrend recommended that subscribers consider buying shares of Laboratory Cp on January 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $132.90. Since that recommendation, shares of Laboratory Cp have risen 16.6%. We continue to monitor LH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts laboratory cp

Ticker(s): LH