Potential Breakout on LH (Labcorp Holdings Inc.)📈 Setup: The stock is forming a clear structure of higher highs, suggesting an ongoing uptrend. A key resistance level is in focus, and a breakout could lead to a continuation move.
🔹 Trade Plan (Not the Full Setup)
📌 Entry Idea: A confirmation above a key level would validate the breakout.
🎯 Target Zone: A specific price area that aligns with historical resistance.
🛑 Stop-Loss Placement: Below a key support level to minimize risk.
📊 Risk-Reward: The setup provides a favorable ratio if conditions align.
🔍 What to Watch For:
✅ Volume Confirmation – Strength in buying pressure is essential.
✅ Rejection Risk – A false breakout could indicate a reversal.
✅ Market Conditions – Broader sentiment can impact the move.
⚠ Disclaimer: This is for educational purposes only and is not financial advice. Trade responsibly.
N6B trade ideas
LH - Targeting the empty space (short)LH is undeniably weakening. It's hard to tell where it will find support, but I don't think 250 is out of the question.
Above the trendline would be a stop.
Again, I'm just posting these charts today for fun - won't necessarily be trading them due to being away.
LabCorp earnings beat eps: $10.56Laboratory Corp of America (LH) reported Quarter December 2020 earnings of $10.56 per share on revenue of $4.5 billion. The consensus earnings estimate was $8.05 per share on revenue of $3.9 billion. Current p/e = 15. The company said it expects 2021 earnings of $19.00 to $23.00 per share. The current consensus earnings estimate is $19.35 per share for the year ending December 31, 2021. Laboratory Corp of America Hldgs offers testing services used by the medical profession in core testing, patient diagnosis and in the monitoring and treatment of disease. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
$LH with a bullish outlook following its earnings #BeststocksThe PEAD projected a slight bullish outlook for $LH after a positive under reaction following its earnings release placing the stock in Drift A
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LABORATORY CORP AMER HLDGS StrategyHello traders, LABORATORY CORP AMER HLDGS is in a bearish push, large volume of purchases these last sessions in spite of its it is still trying to go up. LABORATORY CORP AMER HLDGS is going in the direction of its previous lower grand, potential to go to the upper comfort zone to see the breakout. If the buying push continues its momentum to reach the last highest.
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LabCorp Covid-19 Diagnostics $lhLabCorp is the world’s leading healthcare diagnostics company and just celebrated its 50th-anniversary last year. The firm’s exclusive partnership with UnitedHealthcare, the largest healthcare enterprise in the world, has been crucial to LabCorp’s continued success.
Today LH is focusing its laboratory efforts on coronavirus tests, analyzing 30,000+ tests per day. This is partially offsetting its massive declines in patient testing for other purposes, which gives it a bit of a hedge. The $2 trillion aid bill (CARES Act) that was passed last will provide LabCorp with further financial stability.
LH shares have taken a sizable hit from the pandemic, but I believe that its 34% plunge since mid-February is unjustified. This stock is trading at a considerable discount with its forward P/E sitting at its lowest level in over 2 decades.
LabCorp and its coronavirus testing is a necessity to the US today and will recieve whatever capital it requires to continue operating. I think it is likely that its coronavirus testing will continue to scale with time.
Source Zacks
LH breakout potentialAs LH breaks its minor downward trendline , a long position is entered with a tight stop.
Factors leading to the decision:
Major trend is bullish
Medium-term downward trendline has been broken and retested
A recent small retracement back to the trendline AND 20ma created a higher-low which is an ideal place to put a tight stop for the trade
20 SMA was recently crossed and held, luring in MA traders
As always, use a tight-stop. If it rips up, let it run and trail stops behind.