How the price action of Abbvie Inc ($ABBV) is used to our Advantage

September 24, 2023, 15:15 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ABBV

• Buy ABBV slightly over 145.66 target 156.51 stop loss @ 145.24 Details

The technical summary data tells us to buy ABBV near 145.66 with an upside target of 156.51. This data also tells us to set a stop loss @ 145.24 to protect against excessive loss in case the stock begins to move against the trade. 145.66 is the first level of support below 152.74 , and by rule, any test of support is a buy signal. In this case, support 145.66 is being tested, a buy signal would exist.

• Short ABBV slightly under 156.51, target 145.66, stop loss @ 156.96 Details

The technical summary data is suggesting a short of ABBV as it gets near 156.51 with a downside target of 145.66. We should have a stop loss in place at 156.96though. 156.51 is the first level of resistance above 152.74, and by rule, any test of resistance is a short signal. In this case, if resistance 156.51 is being tested, a short signal would exist.

Swing Trading Plans for ABBV

• Buy ABBV slightly over 153.84, target 156.51, Stop Loss @ 153.4 Details

If 153.84 begins to break higher, the technical summary data tells us to buy ABBV just slightly over 153.84, with an upside target of 156.51. The data also tells us to set a stop loss @ 153.4 in case the stock turns against the trade. 153.84 is the first level of resistance above 152.74, and by rule, any break above resistance is a buy signal. In this case, 153.84, 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 153.84, target 145.66, Stop Loss @ 154.28. Details

The technical summary data is suggesting a short of ABBV if it tests 153.84 with a downside target of 145.66. We should have a stop loss in place at 154.28 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, 153.84, 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 152.93, target 153.84, Stop Loss @ 152.57 Details

If 152.93 begins to break higher, the technical summary data tells us to buy ABBV just slightly over 152.93, with an upside target of 153.84. The data also tells us to set a stop loss @ 152.57 in case the stock turns against the trade. 152.93 is the first level of resistance above 152.74, and by rule, any break above resistance is a buy signal. In this case, 152.93, 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 152.93, target 145.66, Stop Loss @ 153.29. Details

The technical summary data is suggesting a short of ABBV if it tests 152.93 with a downside target of 145.66. We should have a stop loss in place at 153.29 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, 152.93, 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 24:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	134.58
P2	152.93	153.84	145.66
P3	154.21	157.35	156.51

AI Generated Signals for ABBV

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Abbvie Inc (NASDAQ: ABBV) data table below can help you with price action, and we have more details too. Trading plans for ABBV are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.