Lab Corp (LH) Offering Possible 11.11% Return Over the Next 23 Calendar Days

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 11.11% return on risk over the next 23 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 $2.00 would be kept by the premium seller. The risk of $18.00 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 75.95 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Lab Corp

LabCorp (LH) to Report Q1 Earnings: What's in the Offing?
Fri, 23 Apr 2021 12:26:12 +0000
With respect to LabCorp's (LH) COVID-19 testing services wing, although extensive vaccine rollouts are ongoing, the resurgence of the virus might have once again boosted testing demand in Q1.

LabCorp (LH) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Thu, 22 Apr 2021 16:33:04 +0000
LabCorp (LH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Why LabCorp (LH) Could Beat Earnings Estimates Again
Thu, 22 Apr 2021 16:10:04 +0000
LabCorp (LH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Was The Smart Money Right About Piling Into Labcorp (LH)?
Thu, 22 Apr 2021 15:58:15 +0000
In this article we will check out the progression of hedge fund sentiment towards Laboratory Corp. of America Holdings (NYSE:LH) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their […]

Labcorp Launches COVID-19 Test Kits for Small Businesses to Support Return to Work and Life Safely
Tue, 20 Apr 2021 20:13:00 +0000
Labcorp (NYSE: LH), a leading global life sciences company, today announced the availability of the Pixel by Labcorp® COVID-19 PCR Test Home Collection Kit for small businesses, an initiative aimed at providing fast, convenient, and reliable testing for companies with as many as 120 employees. Labcorp Employer Services currently provides COVID-19 testing and vaccination services for larger organizations and communities.

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