Abbott Laboratories may rise to 121.60 - 123.50

Our pivot point is at 112.3.

Our preference

As long as 112.3 is support look for 121.6.

Alternative scenario

The downside breakout of 112.3 would call for 109.3 and 107.5.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 114.383 and 112.7842).

Supports and resistances

125.2 **

123.5 *

121.6 **

119.9

115.95 (USD-last)

113.4

112.3 **

109.3 *

107.5 **

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