ABBOTT LABORATORIES
(ABT-NYSE):
Technical Viewpoint: From a low
of $43.34 on Mar 22, 2005 prices
rallied, reaching a
high of $48.49
on Apr 7, 2005. A
decline saw prices pull back, reaching a
low of
$47.05 on Apr 12, 2005.
Another rally saw prices penetrate
resistance, closing 4/18/05
at $49.87. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 30, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $48.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 31, 2005. A P&F upside
reversal takes place at $46.00. Summary: Technical indicators have turned bullish. BUY! ABBOTT LABORATORIES
(ABT-NYSE) @ $50.13 Stop: Use a protective stop of $47.63.
ABBOTT LABORATORIES is currently trading @ $49.87 plus $1.58 on Apr 15, 2005. Price Objective:
$59.75. Risk/Reward: $2.50 VS. $9.62. Today's Risk Reward Ratio: 4:1
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