Abbott Laboratories may rise to 110.40 - 112.30

Our pivot point stands at 101.7.

Our preference

Our next up target stands at 110.4.

Alternative scenario

The downside breakout of 101.7 would call for 98.7 and 96.8.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is above its 20 and 50 day moving average (respectively at 103.9525 and 104.2098).

Supports and resistances

114.1 **

112.3 *

110.4 **

108.6

104.22 (USD-last)

103

101.7 **

98.7 *

96.8 **

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