ABBOTT LABORATORIES
(ABT-NYSE):
Technical Viewpoint: From a low
of $36.28 on Aug 6, 2002 prices
rallied, reaching a
high of $41.93
on Aug 22, 2002. A
decline saw prices pull back, reaching a
low of
$37.13 on Sep 9, 2002.
Another rally saw prices penetrate
resistance, closing 9/18/02
at $40.42. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Sep 11, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $38.00. Resistance: Is at $41.93.
Point & Figure: Reversed to the upside on Sep 18, 2002. A P&F upside
reversal takes place at $38.25. Summary: Technical indicators have turned bullish. BUY! ABBOTT LABORATORIES
(ABT-NYSE) @ $41.13 Stop: Use a protective stop of $39.13.
ABBOTT LABORATORIES is currently trading @ $40.42 plus $1.83 on Sep 18, 2002. Price Objective:
$52.00. Risk/Reward: $2.00 VS. $10.88. Today's Risk Reward Ratio: 5:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$52.00
Risk/Reward:
$2.00 VS. $10.88
Risk/Reward Ratio:
5:1
|