This morning, leading diagnostic testing stock, Quest Diagnostics Inc (DGX), is getting slammed after issuing guidance. The medical services company is trading lower by more than 5.0% to $148.40 a share. Today, the stock broke below the important 50-day moving average. This puts the stock in a weak technical position in the near term. Quest Diagnostics Inc (GDX) stock has now declined by over $20.00 since the start of the new year and is now trending down.
The next major support level for Quest Diagnostics Inc (GDX) stock will be around the $140.00 level. This support area is where the stock broke out to the upside in early November 2021. It is also where the 50-week moving average is currently and that should add strength to the support area.
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