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Laboratory Corporation Of America Earns RS Rating Upgrade

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The Relative Strength ( RS ) Rating for Laboratory Corporation Of America ( LH ) entered a new percentile Monday, as it got a lift from 67 to 72.

[ibd-display-video id=2102289 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.

History reveals that the market's biggest winners tend to have an RS Rating of above 80 as they launch their largest climbs. See if Laboratory Corporation Of America can continue to show renewed price strength and clear that threshold.

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Laboratory Corporation Of America is still within a buy zone after breaking past a 164.32 entry in a flat base . The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..

Top and bottom line growth moved higher last quarter. Earnings were up 9%, compared to 5% in the prior report. Revenue increased from 5% to 10%.

The company earns the No. 2 rank among its peers in the Medical-Services industry group. Diplomat Pharmacy ( DPLO ) is the top-ranked stock within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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