Trading Abbvie Inc $ABBV With Integrated Risk Controls
October 04, 2023, 05:00 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ABBV
- Buy ABBV slightly over 145.46 target 156.25 stop loss @ 145.04 Details
The technical summary data tells us to buy ABBV near 145.46 with an upside target of 156.25. This data also tells us to set a stop loss @ 145.04 to protect against excessive loss in case the stock begins to move against the trade. 145.46 is the first level of support below 147.43 , and by rule, any test of support is a buy signal. In this case, support 145.46 is being tested, a buy signal would exist.
- Short ABBV slightly under 156.25, target 145.46, stop loss @ 156.7 Details
The technical summary data is suggesting a short of ABBV as it gets near 156.25 with a downside target of 145.46. We should have a stop loss in place at 156.7though. 156.25 is the first level of resistance above 147.43, and by rule, any test of resistance is a short signal. In this case, if resistance 156.25 is being tested, a short signal would exist.
Swing Trading Plans for ABBV
- Buy ABBV slightly over 150.49, target 156.25, Stop Loss @ 150.06 Details
If 150.49 begins to break higher, the technical summary data tells us to buy ABBV just slightly over 150.49, with an upside target of 156.25. The data also tells us to set a stop loss @ 150.06 in case the stock turns against the trade. 150.49 is the first level of resistance above 147.43, and by rule, any break above resistance is a buy signal. In this case, 150.49, 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 150.49, target 146.71, Stop Loss @ 150.92. Details
The technical summary data is suggesting a short of ABBV if it tests 150.49 with a downside target of 146.71. We should have a stop loss in place at 150.92 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, 150.49, 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 150.49, target 156.25, Stop Loss @ 150.14 Details
If 150.49 begins to break higher, the technical summary data tells us to buy ABBV just slightly over 150.49, with an upside target of 156.25. The data also tells us to set a stop loss @ 150.14 in case the stock turns against the trade. 150.49 is the first level of resistance above 147.43, and by rule, any break above resistance is a buy signal. In this case, 150.49, 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 150.49, target 146.71, Stop Loss @ 150.84. Details
The technical summary data is suggesting a short of ABBV if it tests 150.49 with a downside target of 146.71. We should have a stop loss in place at 150.84 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, 150.49, 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 October 04:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
134.58 |
| P2 |
145.01 |
146.71 |
145.46 |
| P3 |
146.53 |
150.49 |
156.25 |
AI Generated Signals for ABBV
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ABBV:
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