Labcorp Holdings Inc. provides comprehensive laboratory services that help doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. Co. provides insights and advanced science to improve health and improve lives through its unparalleled diagnostics and drug development laboratory capabilities. Co. operates through two segments: Diagnostics Laboratories (Dx) and Biopharma Laboratory Services (BLS). The Diagnostics Laboratories segment includes routine testing and specialty/esoteric testing. Dx operates through a network of patient service centers, branches, rapid response laboratories, primary laboratories, and specialty laboratories.
When researching a stock like Laboratory of America Holdings, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from LH Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for LH stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the LH 200 day moving average ("LH 200 DMA"), while one of the most popular "shorter look-backs" is the LH 50 day moving average ("LH 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Laboratory of America Holdings. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the LH 200 DMA and the LH 50 DMA, we get a moving average convergence divergence indicator ("LH MACD"). The LH MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis