NEW DIRECTIONAL CALL PLAYS
Laboratory Corp. - LH - close: 87.70 change: +0.60
Stop Loss: 85.95
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below
Why We Like It:
LH is a medical testing and diagnostics company. Shares have been consolidating under resistance for the last few months. Today saw LH temporarily breakout past the $88.00 level and its simple 200-dma. The intraday high was $88.80.
I am suggesting a trigger to buy calls at $89.00. We'll aim for the $94.75 mark. More aggressive traders could aim for the $97-100 zone instead.
FYI: The Point & Figure chart for LH is bullish with a $105 target.
Trigger @ 89.00
- Suggested Positions -
buy the Feb $90 call (LH1218B90) current ask $1.90
Entry on January xx at $ xx.xx
Earnings Date 02/09/12 (unconfirmed)
Average Daily Volume = 564 thousand
Listed on January 10, 2012