Abbott Laboratories may rise to 109.50 - 111.10

Our pivot point stands at 101.9.

Our preference

Short term rebound towards 109.5.

Alternative scenario

Below 101.9, expect 99.3 and 97.7.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 105.789 and 109.7592).

Supports and resistances

112.8 **

111.1 *

109.5 **

107.9

104.09 (USD-last)

102.9

101.9 **

99.3 *

97.7 **

Number of asterisks represents the strength of support and resistance levels.