Eurotrader

Time to Load the Boat With LabCorp - Jeffries

I guess the big investment houses need to get some support wrestled up ... Looking at the charts I can see a possible retracement towards moving average resistance in the $76-77 range, but have a hard time seeing that new high around $86.00.
While near-term technicals are oversold, the best entry point for this stock should really be in the $64 -65 range for a 62 -77% re-tracement. At any rate, this would best be "played" with call options and a hair-line trigger, particularly if one sees massive institutional selling once the stock reaches the moving average brick wall that is about to roll over on this issue.....