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How the price action of Laboratory Corporation (LH) is used to our Advantage

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Laboratory Corporation (NYSE: LH) data table below can help you with price action, and we have more details too. Trading plans for LH are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for LH
  • Buy LH slightly over 293.78 target 305.41 stop loss @ 292.93 Details
  • The technical summary data tells us to buy LH near 293.78 with an upside target of 305.41. This data also tells us to set a stop loss @ 292.93 to protect against excessive loss in case the stock begins to move against the trade. 293.78 is the first level of support below 293.91 , and by rule, any test of support is a buy signal. In this case, support 293.78 would be being tested, so a buy signal would exist.

  • Short LH under 305.41, target 293.78, stop loss @ 306.29 Details
  • The technical summary data is suggesting a short of LH as it gets near 305.41 with a downside target of 293.78. We should have a stop loss in place at 306.29though. 305.41 is the first level of resistance above 293.91, and by rule, any test of resistance is a short signal. In this case, if resistance 305.41 is being tested, so a short signal would exist.

Swing Trading Plans for LH
  • Buy LH slightly over 298.65, target 305.41, Stop Loss @ 297.79 Details
  • If 298.65 begins to break higher, the technical summary data tells us to buy LH just slightly over 298.65, with an upside target of 305.41. The data also tells us to set a stop loss @ 297.79 in case the stock turns against the trade. 298.65 is the first level of resistance above 293.91, and by rule, any break above resistance is a buy signal. In this case, 298.65, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short LH near 298.65, target 293.78, Stop Loss @ 299.51. Details
  • The technical summary data is suggesting a short of LH if it tests 298.65 with a downside target of 293.78. We should have a stop loss in place at 299.51 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 298.65, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for LH
  • Buy LH slightly over 296.38, target 298.65, Stop Loss @ 295.69 Details
  • If 296.38 begins to break higher, the technical summary data tells us to buy LH just slightly over 296.38, with an upside target of 298.65. The data also tells us to set a stop loss @ 295.69 in case the stock turns against the trade. 296.38 is the first level of resistance above 293.91, and by rule, any break above resistance is a buy signal. In this case, 296.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short LH near 296.38, target 293.78, Stop Loss @ 297.07. Details
  • The technical summary data is suggesting a short of LH if it tests 296.38 with a downside target of 293.78. We should have a stop loss in place at 297.07 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 296.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

LH Ratings for September 21:

Term →Near Mid Long
Rating Weak Neutral Strong
P1 0 0 293.78
P2 292.95 292.50 305.41
P3 296.38 298.65 318.06
Triggers may have already come
Support and Resistance Plot Chart for LH

LH Long Term Analysis for September 21 2021

Blue = Current Price
Red= Resistance
Green = Support

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