When the Price of Laboratory Corporation $LH Talks, People Listen

September 19, 2023, 00:15 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LH

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short LH slightly under 201.79, target n/a, stop loss @ 202.37 Details

The technical summary data is suggesting a short of LH as it gets near 201.79, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 202.37. 201.79 is the first level of resistance above 201.17, and by rule, any test of resistance is a short signal. In this case, if resistance 201.79 is being tested, so a short signal would exist.

Swing Trading Plans for LH

• Buy LH slightly over 201.79, target 203.06, Stop Loss @ 201.21 Details

If 201.79 begins to break higher, the technical summary data tells us to buy LH just slightly over 201.79, with an upside target of 203.06. The data also tells us to set a stop loss @ 201.21 in case the stock turns against the trade. 201.79 is the first level of resistance above 201.17, and by rule, any break above resistance is a buy signal. In this case, 201.79, 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 slightly near 201.79, target 199.06, Stop Loss @ 202.37. Details

The technical summary data is suggesting a short of LH if it tests 201.79 with a downside target of 199.06. We should have a stop loss in place at 202.37 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, 201.79, 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 201.79, target 202.36, Stop Loss @ 201.32 Details

If 201.79 begins to break higher, the technical summary data tells us to buy LH just slightly over 201.79, with an upside target of 202.36. The data also tells us to set a stop loss @ 201.32 in case the stock turns against the trade. 201.79 is the first level of resistance above 201.17, and by rule, any break above resistance is a buy signal. In this case, 201.79, 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 slightly near 201.79, target 199.06, Stop Loss @ 202.26. Details

The technical summary data is suggesting a short of LH if it tests 201.79 with a downside target of 199.06. We should have a stop loss in place at 202.26 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, 201.79, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Laboratory Corporation (LH) available here: LH.

LH Ratings for September 19:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Neutral
P1	0	0	201.79
P2	202.36	199.06	217.89
P3	204.13	203.06	234.49

AI Generated Signals for LH

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Laboratory Corporation (NYSE: LH) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for LH can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.