Learn to Evaluate Abbott Laboratories (ABT) using the Charts

August 17, 2021, 20:45 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Abbott Laboratories (NYSE: ABT) report below can help you understand how to do this. The trading plans for ABT, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for ABT

• Buy ABT slightly over 121.12 target 127.88 stop loss @ 120.77 Details

The technical summary data tells us to buy ABT near 121.12 with an upside target of 127.88. This data also tells us to set a stop loss @ 120.77 to protect against excessive loss in case the stock begins to move against the trade. 121.12 is the first level of support below 125.69 , and by rule, any test of support is a buy signal. In this case, support 121.12 is being tested, a buy signal would exist.

• Short ABT under 127.88, target 121.12, stop loss @ 128.25 Details

The technical summary data is suggesting a short of ABT as it gets near 127.88 with a downside target of 121.12. We should have a stop loss in place at 128.25though. 127.88 is the first level of resistance above 125.69, and by rule, any test of resistance is a short signal. In this case, if resistance 127.88 is being tested, a short signal would exist.

Swing Trading Plans for ABT

• Buy ABT slightly over 127.88, target n/a, Stop Loss @ 127.51 Details

If 127.88 begins to break higher, the technical summary data tells us to buy ABT just slightly over 127.88, with an upside target of n/a. The data also tells us to set a stop loss @ 127.51 in case the stock turns against the trade. 127.88 is the first level of resistance above 125.69, and by rule, any break above resistance is a buy signal. In this case, 127.88, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ABT near 127.88, target 125.08, Stop Loss @ 128.25. Details

The technical summary data is suggesting a short of ABT if it tests 127.88 with a downside target of 125.08. We should have a stop loss in place at 128.25 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 127.88, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ABT

• Buy ABT slightly over 126.05, target 127.88, Stop Loss @ 125.76 Details

If 126.05 begins to break higher, the technical summary data tells us to buy ABT just slightly over 126.05, with an upside target of 127.88. The data also tells us to set a stop loss @ 125.76 in case the stock turns against the trade. 126.05 is the first level of resistance above 125.69, and by rule, any break above resistance is a buy signal. In this case, 126.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ABT near 126.05, target 125.08, Stop Loss @ 126.34. Details

The technical summary data is suggesting a short of ABT if it tests 126.05 with a downside target of 125.08. We should have a stop loss in place at 126.34 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 126.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

ABT Ratings for August 17:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	114.90
P2	124.65	123.37	121.12
P3	126.05	125.08	127.88

Support and Resistance Plot Chart for ABT

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