As the LARGEST National Diagnostic Lab (imho, since COVANCE acquisition) I personally found it irrational that LH would get HAMMERED by over 50%: During a global health crisis & PANDEMIC no less! Especially since LH is a GLOBAL Company with labs in China & around the World.
Anyway, if you look through some of my posts you'll find links, info & recent developments; but NOTHING newsworthy really went on but Coronavirus testing-related progress recently.
They have: [] An in-home self-swab kit [] A serology antibody test [] And their original PCR-Covid medical PCR
Ironically COVID just came & WRECKED the stock price! Which is when my scanners went off. But what's ironic is that LH was founded 40+ years ago as Roche BioMedical. And has deepened those roots as a biological lifesciences company (aka, a REAL PART of the global-crisis SOLUTION) AND enhanced their abilities multi-fold with their COVANCE acquisition.
So the SAME virus that CRUSHED the stock is NOW bringing in lots of additional revenues; as LH is executing AS EXPECTED (at least by me). These revenues should show up in Q2 & even heavier in Q3 as they ramp-up production & testing-capacity.
Additionally: [] Trump signed $25B aid for commercial lab testing [] Which should ease raw materials acquisition & facilitate production increases
[] They have the FIRST in-home test-kit in distribution [] & they should be expanding production & increasing testing substantially in the coming weeks...Starting Monday this week.
So I guess the market is pricing a pps-recovery. The stock had a 26% increase in short-interest (from the previous reporting period), so it's possible they're covering to GET OUT of the WAY.
Which COULD make today's move a TECHNICAL ONE. If you know anything about CHARTS & technical analysis we hurdled QUITE A FEW obstacles: [] The "U", cup or bowl was "filled" [] Retraced a bit, & re-tested that U/Gap/Cup @ $150 [] We formed a quick cup-&-handle [] We filled the GAP (~$151 to $158) [] Tested, re-tested & surged a bit into the 50DMA [] Tested & closed above the 50DMA [] And today,... tested the 200DMA before market-close [] & then in after-market closed ABOVE it...
That's a LOT of congestion to move UP through & represents as INCREDIBLY bullish imho. Especially going into next week. So we have the 200DMA that needs to get tested, but we could JUST AS EASILY have a GAP UP Monday... In which case, all kinds of scenarios are up for consideration & I won't bore the hell out of anyone with them.
If you check some of my posts I think they might color SOME of what's been shared here so far.... GL
Market Data 
Markets 
AI
