When Abbott Laboratories ($ABT) Moves Investors should Listen
September 14, 2023, 19:30 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ABT
- Buy ABT slightly over 100.98 target 107.28 stop loss @ 100.69 Details
The technical summary data tells us to buy ABT near 100.98 with an upside target of 107.28. This data also tells us to set a stop loss @ 100.69 to protect against excessive loss in case the stock begins to move against the trade. 100.98 is the first level of support below 102.99 , and by rule, any test of support is a buy signal. In this case, support 100.98 would be being tested, so a buy signal would exist.
- Short ABT slightly under 107.28, target 100.98, stop loss @ 107.59 Details
The technical summary data is suggesting a short of ABT as it gets near 107.28 with a downside target of 100.98. We should have a stop loss in place at 107.59though. 107.28 is the first level of resistance above 102.99, and by rule, any test of resistance is a short signal. In this case, if resistance 107.28 is being tested, so a short signal would exist.
Swing Trading Plans for ABT
- Buy ABT slightly over 107.28, target 113.35, Stop Loss @ 106.97 Details
If 107.28 begins to break higher, the technical summary data tells us to buy ABT just slightly over 107.28, with an upside target of 113.35. The data also tells us to set a stop loss @ 106.97 in case the stock turns against the trade. 107.28 is the first level of resistance above 102.99, and by rule, any break above resistance is a buy signal. In this case, 107.28, 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 slightly near 107.28, target 102.43, Stop Loss @ 107.59. Details
The technical summary data is suggesting a short of ABT if it tests 107.28 with a downside target of 102.43. We should have a stop loss in place at 107.59 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, 107.28, 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 103.19, target 107.28, Stop Loss @ 102.95 Details
If 103.19 begins to break higher, the technical summary data tells us to buy ABT just slightly over 103.19, with an upside target of 107.28. The data also tells us to set a stop loss @ 102.95 in case the stock turns against the trade. 103.19 is the first level of resistance above 102.99, and by rule, any break above resistance is a buy signal. In this case, 103.19, 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 slightly near 103.19, target 102.43, Stop Loss @ 103.43. Details
The technical summary data is suggesting a short of ABT if it tests 103.19 with a downside target of 102.43. We should have a stop loss in place at 103.43 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, 103.19, 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 Abbott Laboratories (ABT) available here: ABT.
ABT Ratings for September 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
100.98 |
| P2 |
101.45 |
100.01 |
107.28 |
| P3 |
103.19 |
102.43 |
113.35 |
AI Generated Signals for ABT
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 Abbott Laboratories (NYSE: ABT) report below is a real world example. Included are trading plans for ABT, 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 ABT:
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