LABORATORY CORPORATION $LH Technical Update
The LABORATORY CORPORATION (NYSE: LH) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for LH, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
Term → | Near | Mid | Long |
---|---|---|---|
Rating | Neutral | Neutral | Neutral |
P1 | 178.18 | 170.53 | 171.11 |
P2 | 179.77 | 180.27 | 184.29 |
P3 | 180.84 | 189.58 | 197.21 |
Support and Resistance Plot Chart for LH
Long Term Trading Plans for LH
August 15, 2018, 4:15 pm ET
The Technical Summary and Trading Plans for LH help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this LH Report.
LH - (Long) Support Plan
Buy over 171.11 target 184.29 stop loss @ 170.85.
The technical summary data tells us to buy LH near 171.11 with an upside target of 184.29. This data also tells us to set a stop loss @ 170.85 to protect against excessive loss in case the stock begins to move against the trade. 171.11 is the first level of support below 178.48 , and by rule, any test of support is a buy signal. In this case, support 171.11 would be being tested, so a buy signal would exist.
LH - (Short) Resistance Plan
Short under 184.29 target 171.11 stop loss @ 184.55.
The technical summary data is suggesting a short of LH as it gets near 184.29 with a downside target of 171.11. We should have a stop loss in place at 184.55 though. 184.29 is the first level of resistance above 178.48, and by rule, any test of resistance is a short signal. In this case, if resistance 184.29 is being tested, so a short signal would exist.