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NYSE Stocks In The News.(A)
Byline: David Saito-Chung
Laboratory Corp. of America gained 4% on above-average trade Monday. The stock has been basing since the start of the year, and is 15% off its high of 183.
Great stocks typically show an uptrend in price before building their current bases. Lab had a beauty of an uptrend, rocketing nearly 300% from late April 2000 to the end of December.
Last Wednesday, Lab's Accumulation/Distribution Rating improved from a C to a B. That's the highest it's been since Jan. 3. As a stock builds its base, you'd like to see this rating at either an A or a B. That implies institutions are, on the whole, accumulating shares.
Lab offers more than 4,000 clinical tests, ranging from simple blood tests to molecular-level diagnostics. On Monday, it said it had completed ...
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