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ABBOTT LABORATORIES
(ABT-NYSE):
Technical Viewpoint: From a low
of $41.61 on Nov 30, 2004 prices
rallied, reaching a
high of $47.63
on Dec 17, 2004. A
decline saw prices pull back, reaching a
low of
$45.67 on Jan 5, 2005.
Another rally saw prices penetrate
resistance, closing 1/7/05
at $47.50. Technicals: RSI Index (RSI): A Buy Alert!
was given on Jan 7, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $46.00. Resistance: Is at $47.63.
Point & Figure: Reversed to the upside on Jan 7, 2005. A P&F upside
reversal takes place at $19.50. Summary: Technical indicators have turned bullish. BUY! ABBOTT LABORATORIES
(ABT-NYSE) @ $21.38 Stop: Use a protective stop of $19.88.
ABBOTT LABORATORIES is currently trading @ $47.50 plus $0.80 on Jan 7, 2005. Price Objective:
$62.00. Risk/Reward: $2.00 VS. $14.37. Today's Risk Reward Ratio: 7;1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$62.00
Risk/Reward:
$2.00 VS. $14.37
Risk/Reward Ratio:
7;1
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