Lab Corp (LH) Offering Possible 13.31% Return Over the Next 37 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 $240.00 short put and a strike $220.00 long put offers a potential 13.31% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $240.00 by expiration. The full premium credit of $2.35 would be kept by the premium seller. The risk of $17.65 would be incurred if the stock dropped below the $220.00 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 68.2 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

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If You Had Bought Laboratory Corporation of America Holdings (NYSE:LH) Shares Five Years Ago You'd Have Earned 116% Returns
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Labcorp to Announce First Quarter Financial Results on April 29, 2021
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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