When the Price of (ABBV) Talks, People Listen

November 09, 2024, 12:36 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ABBV

• Buy ABBV near 194.71 target 207.83 stop loss @ 194.15 Details

The technical summary data tells us to buy ABBV near 194.71 with an upside target of 207.83. This data also tells us to set a stop loss @ 194.15 to protect against excessive loss in case the stock begins to move against the trade. 194.71 is the first level of support below 199.5 , and by rule, any test of support is a buy signal. In this case, support 194.71 is being tested, a buy signal would exist.

• Short ABBV slightly under 207.83, target 194.71, stop loss @ 208.43 Details

The technical summary data is suggesting a short of ABBV as it gets near 207.83 with a downside target of 194.71. We should have a stop loss in place at 208.43though. 207.83 is the first level of resistance above 199.5, and by rule, any test of resistance is a short signal. In this case, if resistance 207.83 is being tested, a short signal would exist.

Swing Trading Plans for ABBV

• Buy ABBV slightly over 201.55, target 207.83, Stop Loss @ 200.97 Details

If 201.55 begins to break higher, the technical summary data tells us to buy ABBV just slightly over 201.55, with an upside target of 207.83. The data also tells us to set a stop loss @ 200.97 in case the stock turns against the trade. 201.55 is the first level of resistance above 199.5, and by rule, any break above resistance is a buy signal. In this case, 201.55, 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 201.55, target 194.71, Stop Loss @ 202.13. Details

The technical summary data is suggesting a short of ABBV if it tests 201.55 with a downside target of 194.71. We should have a stop loss in place at 202.13 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, 201.55, 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 201.58, target 207.83, Stop Loss @ 201.11 Details

If 201.58 begins to break higher, the technical summary data tells us to buy ABBV just slightly over 201.58, with an upside target of 207.83. The data also tells us to set a stop loss @ 201.11 in case the stock turns against the trade. 201.58 is the first level of resistance above 199.5, and by rule, any break above resistance is a buy signal. In this case, 201.58, 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 201.58, target 199.17, Stop Loss @ 202.05. Details

The technical summary data is suggesting a short of ABBV if it tests 201.58 with a downside target of 199.17. We should have a stop loss in place at 202.05 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, 201.58, 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 November 09:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	181.27
P2	199.17	201.55	194.71
P3	201.58	209.91	207.83

AI Generated Signals for ABBV

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Abbvie Inc. (NASDAQ: ABBV) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ABBV can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.