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JimVanMeerten (66.95)

Quest Diagnostics is gaining traction

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June 20, 2011 – Comments (0) | RELATED TICKERS: DGX

Barchart technical indicators:

1 - 100% Barchart technical buy signal

2 - Trend Spotter buy signal

3 - Above its 20, 50 and 100 day moving average

4 - 11 new highs and up 4.95% in a down market

5 - Relative Strength Index 76.49%

6 - Trades around 60.94 with a 50 day moving average of 57.95

Summary:  Quest Diagnostics (DGX) is starting to gain momentum after lagging behind the sector recently. Analysts had 2 major concerns - first, some acquisitions that now have seem to be merged properly and secondly, some legal concerns of over billing made by the State of California that have now been settled.  Long term investors could see an annual total return of between 15% - 17% over the next 5 years.

Jim Van Meerten is a Marketocracy Master

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