Abbott Laboratories may rise to 119.10 - 121.90

Our pivot point is at 102.8.

Our preference

The upside prevails as long as 102.8 is support.

Alternative scenario

The downside breakout of 102.8 would call for 98.2 and 95.6.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 104.1985 and 104.1084). Finally, Abbott Laboratories has crossed above its upper daily Bollinger band (108.6).

Supports and resistances

124.7 **

121.9 *

119.1 **

116.3

110.15 (USD-last)

104.5

102.8 **

98.2 *

95.6 **

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