BUY! LABORATORY CORP AM (LH) NYSE

  Report No. 1319    Analysis by: Harry Aloof     JULY 10, 2001

LABORATORY CORP AM (LH-NYSE): Technical Viewpoint: From a low of $65.28 on May 29, 2001 prices rallied, reaching a high of $82.50 on Jun 8, 2001. A decline saw prices pull back, reaching a low of $73.30 on Jun 27, 2001. Another rally saw prices penetrate resistance, closing 7/9/01 at $79.11. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on May 18, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $76.50. Resistance: Is at $80.25. Point & Figure: Reversed to the upside on Jul 9, 2001. A P&F upside reversal takes place at $76.50. Summary: Technical indicators have turned bullish. BUY! LABORATORY CORP AM (LH-NYSE) @ $79.50 Stop: Use a protective stop of $76.75. LABORATORY CORP AM is currently trading @ $79.11 plus $1.61 on Jul 9, 2001. Price Objective: $89.00. Risk/Reward: $2.75 VS. $9.50. Today's Risk Reward Ratio: 3:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$89.00 Risk/Reward:
$2.75 VS. $9.50 Risk/Reward Ratio:
3:1
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