Lab Corp’s most recent trend suggests a bullish bias. One trading opportunity on Lab Corp is a Bull Put Spread using a strike $250.00 short put and a strike $230.00 long put offers a potential 7.53% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $250.00 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $18.60 would be incurred if the stock dropped below the $230.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Lab Corp is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Lab Corp is bullish.
The RSI indicator is at 69.92 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Lab Corp
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Tue, 30 Mar 2021 20:30:00 +0000
Labcorp (NYSE: LH), a leading global life sciences company, will release its first quarter of 2021 financial results before the market opens on Thursday, April 29, 2021, and then will host a conference call and webcast beginning at 9:00 a.m. ET to discuss the results. The earnings release and accompanying financial information will be posted on the Labcorp Investor Relations website.
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Labcorp Appoints Johnson & Johnson Executive Kathryn Wengel to the Board of Directors
Fri, 26 Mar 2021 10:57:00 +0000
Labcorp (NYSE: LH), a leading global life sciences company, today announced the appointment of Kathryn Wengel, current Executive Vice President and Chief Global Supply Chain Officer at Johnson & Johnson, as an independent member of Labcorp’s Board of Directors, effective immediately. In connection with this appointment, the Labcorp Board will expand from 9 to 10 directors.
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