Today we will analyze the stock LABORATORY CORP (LAB.BE) for internet stock trading in the BE stock market,
Stock Technical indicators to notice in LABORATORY CORP (LAB.BE)
1- Last bullish trend was from 62.89 $ (2/23/2011) to 65.38 $ (3/10/2011) a 2.49 $ move 2- The current bearish trend started from 65.38 $ at 3/10/2011 and is currently trading at 63.40 $.
3- LAB.BE current support level is at 62.89 which is the 100.00 % fibonacci retracement of the last 2.49 $ move.
4- LAB.BE current resistance level is at 63.84 which is the 61.80 % fibonacci retracement of the last 2.49 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
LABORATORY CORP (LAB.BE) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 65.380 .
LABORATORY CORP (LAB.BE) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Bottom Pattern at 55.080 .
8- The Stock formed a 9.580 $ height triangle which was broken up at 55.940, target of the pattern is 65.520.
LABORATORY CORP (LAB.BE) Long term stock chart patterns for internet stock trading :

9- The Stock was supported by a support line, identified by two points: 54.950 and 42.980, and is currently supporting at 62.431.

Stock Trading Conclusion:
LABORATORY CORP (LAB.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 63.84, 63.87, 64.13, 64.16, 64.39, 64.43, 64.62, 64.79, 65.38, 65.38, 65.52.
Stock Support levels : 62.89, 62.43, 62.21, 61.35, 55.25,.