Abbott Laboratories may rise to 125.60 - 127.50

115.2 is our pivot point.

Our preference

The upside prevails as long as 115.2 is support.

Alternative scenario

The downside breakout of 115.2 would call for 112 and 110.1.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 114.804 and 113.8824). Finally, Abbott Laboratories is trading above its upper Bollinger band (standing at 119.03).

Supports and resistances

129.4 **

127.5 *

125.6 **

123.7

119.39 (USD-last)

116.4

115.2 **

112 *

110.1 **

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