Abbott Labs $ABT is Strong on a Near Term and Midterm Basis, Shown in Charts and Graphs
Abbott Labs (NYSE: ABT) is Strong on a Near Term and Midterm Basis, as Shown in the Charts and Graphs below.
Long Term Trading Plans for ABT
June 5, 2018, 12:58 pm ET
The technical Summary and associated Trading Plans for ABT listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for ABT. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
ABT - (Long) Support Plan
Buy over 62.17 target 66.25 stop loss @ 61.91.
The technical summary data tells us to buy ABT near 62.17 with an upside target of 66.25. This data also tells us to set a stop loss @ 61.91 to protect against excessive loss in case the stock begins to move against the trade. 62.17 is the first level of support below 63.15 , and by rule, any test of support is a buy signal. In this case, support 62.17 is being tested, a buy signal would exist.
ABT - (Short) Resistance Plan
Short under 66.25 target 62.17 stop loss @ 66.51
The technical summary data is suggesting a short of ABT as it gets near 66.25 with a downside target of 62.17. We should have a stop loss in place at 66.51 though. 66.25 is the first level of resistance above 63.15, and by rule, any test of resistance is a short signal. In this case, if resistance 66.25 is being tested, a short signal would exist.