|
ABBOTT LABORATORIES
(ABT-NYSE):
Technical Viewpoint: From a low
of $35.56 on Apr 10, 2000 prices
rallied, reaching a
high of $40.25
on Apr 24, 2000. A
decline saw prices pull back, reaching a
low of
$36 3/4 on May 12, 2000.
Another rally saw prices penetrate
resistance, closing 5/18/00
at $40.56. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 22, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $38 1/4. Resistance: Is at $41.00.
Point & Figure: Reversed to the upside on May 15, 2000. A P&F upside
reversal takes place at $38 1/4. Summary: Technical indicators have turned bullish. BUY! ABBOTT LABORATORIES
(ABT-NYSE) @ $40 3/4 Stop: Use a protective stop of $38 3/8.
ABBOTT LABORATORIES is currently trading @ $40.56 plus $2.00 on May 18, 2000. Price Objective:
$56 1/4. Risk/Reward: $2 3/8 VS. $15 1/2. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$56 1/4
Risk/Reward:
$2 3/8 VS. $15 1/2
Risk/Reward Ratio:
6:1
|
