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SmarTrend Watching for Potential Rebound in Shares of Laboratory Cp After 1.84% Loss

By Nick Russo

Laboratory Cp (NYSE:LH) traded in a range yesterday that spanned from a low of $156.14 to a high of $158.53. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $157.31 on volume of 168,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Laboratory Cp has traded in a range of $119.38 to $190.36 and is now at $156.09, 31% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

Keywords: rebounders laboratory cp

Ticker(s): LH