ABBOTT LABORATORIES
(ABT-NYSE):
Technical Viewpoint: From a low
of $50.05 on Jun 15, 2001 prices
rallied, reaching a
high of $53.25
on Jun 21, 2001. A
decline saw prices pull back, reaching a
low of
$46.60 on Jul 9, 2001.
Another rally saw prices penetrate
resistance, closing 7/30/01
at $53.59. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 20, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $49.50. Resistance: Is at $53.00.
Point & Figure: Reversed to the upside on Jul 18, 2001. A P&F upside
reversal takes place at $53.00. Summary: Technical indicators have turned bullish. BUY! ABBOTT LABORATORIES
(ABT-NYSE) @ $53.87 Stop: Use a protective stop of $51.12.
ABBOTT LABORATORIES is currently trading @ $53.59 plus $1.30 on Jul 31, 2001. Price Objective:
$75.00. Risk/Reward: $2.75 VS. $21.13. Today's Risk Reward Ratio: 8:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$75.00
Risk/Reward:
$2.75 VS. $21.13
Risk/Reward Ratio:
8:1
|