TMCnet News
Uptrend Call Realized As Laboratory Corp of America Holdings Stock Rises 10.7% (LH)May 12, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Laboratory Corp of America Holdings (NYSE:LH) on March 29, 2011 at $90.33. In approximately 1 month since that trend was identified, Laboratory Corp of America Holdings has returned 10.7% as of Thursday's closing price of $99.98. In the past 52 weeks, shares of Laboratory Corp of America Holdings have traded between a low of $71.58 and a high of $99.08 and are now at $99.98, which is 40% above that low price. Laboratory Corp of America Holdings is currently above its 50-day moving average of $92.92 and above its 200-day moving average of $84.95. Look for these moving averages to climb to confirm the company's upward momentum. In the last five trading sessions, the 50-day MA has climbed 0.59% while the 200-day MA has risen 0.44%. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Laboratory Corp of America Holdings shares. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup |