When Abbvie Inc ($ABBV) Moves Investors should Listen
September 15, 2023, 01:15 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ABBV
- Buy ABBV slightly over 145.79 target 157.03 stop loss @ 145.37 Details
The technical summary data tells us to buy ABBV near 145.79 with an upside target of 157.03. This data also tells us to set a stop loss @ 145.37 to protect against excessive loss in case the stock begins to move against the trade. 145.79 is the first level of support below 153.64 , and by rule, any test of support is a buy signal. In this case, support 145.79 is being tested, a buy signal would exist.
- Short ABBV slightly under 157.03, target 145.79, stop loss @ 157.48 Details
The technical summary data is suggesting a short of ABBV as it gets near 157.03 with a downside target of 145.79. We should have a stop loss in place at 157.48though. 157.03 is the first level of resistance above 153.64, and by rule, any test of resistance is a short signal. In this case, if resistance 157.03 is being tested, a short signal would exist.
Swing Trading Plans for ABBV
- Buy ABBV slightly over 157.03, target n/a, Stop Loss @ 156.58 Details
If 157.03 begins to break higher, the technical summary data tells us to buy ABBV just slightly over 157.03, with an upside target of n/a. The data also tells us to set a stop loss @ 156.58 in case the stock turns against the trade. 157.03 is the first level of resistance above 153.64, and by rule, any break above resistance is a buy signal. In this case, 157.03, 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 ABBV slightly near 157.03, target 151.47, Stop Loss @ 157.48. Details
The technical summary data is suggesting a short of ABBV if it tests 157.03 with a downside target of 151.47. We should have a stop loss in place at 157.48 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, 157.03, 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 ABBV
- Buy ABBV slightly over 157.03, target n/a, Stop Loss @ 156.66 Details
If 157.03 begins to break higher, the technical summary data tells us to buy ABBV just slightly over 157.03, with an upside target of n/a. The data also tells us to set a stop loss @ 156.66 in case the stock turns against the trade. 157.03 is the first level of resistance above 153.64, and by rule, any break above resistance is a buy signal. In this case, 157.03, 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 ABBV slightly near 157.03, target 153.45, Stop Loss @ 157.4. Details
The technical summary data is suggesting a short of ABBV if it tests 157.03 with a downside target of 153.45. We should have a stop loss in place at 157.4 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, 157.03, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Abbvie Inc (ABBV) available here: ABBV.
ABBV Ratings for September 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
134.43 |
| P2 |
150.55 |
147.70 |
145.79 |
| P3 |
153.45 |
151.47 |
157.03 |
AI Generated Signals for ABBV
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Abbvie Inc (NASDAQ: ABBV) report below is a real world example. Included are trading plans for ABBV, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ABBV:
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