Abbott Laboratories may rise to 108.80 - 110.20

Our pivot point is at 101.7.

Our preference

Short term rebound towards 108.8.

Alternative scenario

Below 101.7, expect 99.2 and 97.8.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 104.9505 and 108.1242).

Supports and resistances

111.7 **

110.2 *

108.8 **

107.3

103.95 (USD-last)

102.6

101.7 **

99.2 *

97.8 **

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