Learn to Evaluate Laboratory Corporation ($LH) using the Charts

October 27, 2023, 05:45 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LH

• Buy LH slightly over 195.08 target 208.89 stop loss @ 194.52 Details

The technical summary data tells us to buy LH near 195.08 with an upside target of 208.89. This data also tells us to set a stop loss @ 194.52 to protect against excessive loss in case the stock begins to move against the trade. 195.08 is the first level of support below 205.92 , and by rule, any test of support is a buy signal. In this case, support 195.08 would be being tested, so a buy signal would exist.

• Short LH slightly under 208.89, target 195.08, stop loss @ 209.49 Details

The technical summary data is suggesting a short of LH as it gets near 208.89 with a downside target of 195.08. We should have a stop loss in place at 209.49though. 208.89 is the first level of resistance above 205.92, and by rule, any test of resistance is a short signal. In this case, if resistance 208.89 is being tested, so a short signal would exist.

Swing Trading Plans for LH

• Buy LH slightly over 208.89, target 222.67, Stop Loss @ 208.29 Details

If 208.89 begins to break higher, the technical summary data tells us to buy LH just slightly over 208.89, with an upside target of 222.67. The data also tells us to set a stop loss @ 208.29 in case the stock turns against the trade. 208.89 is the first level of resistance above 205.92, and by rule, any break above resistance is a buy signal. In this case, 208.89, 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 208.89, target 203.90, Stop Loss @ 209.49. Details

The technical summary data is suggesting a short of LH if it tests 208.89 with a downside target of 203.90. We should have a stop loss in place at 209.49 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, 208.89, 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 208.89, target 222.67, Stop Loss @ 208.4 Details

If 208.89 begins to break higher, the technical summary data tells us to buy LH just slightly over 208.89, with an upside target of 222.67. The data also tells us to set a stop loss @ 208.4 in case the stock turns against the trade. 208.89 is the first level of resistance above 205.92, and by rule, any break above resistance is a buy signal. In this case, 208.89, 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 208.89, target 205.43, Stop Loss @ 209.38. Details

The technical summary data is suggesting a short of LH if it tests 208.89 with a downside target of 205.43. We should have a stop loss in place at 209.38 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, 208.89, 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 October 27:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Weak
P1	0	0	195.08
P2	198.95	197.68	208.89
P3	205.43	203.90	222.67

AI Generated Signals for LH

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Laboratory Corporation (NYSE: LH) report below can help you understand how to do this. The trading plans for LH, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.