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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$89.00
Risk/Reward:
$2.75 VS. $9.50
Risk/Reward Ratio:
3:1
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