Abbott Laboratories may rise to 121.00 - 123.80

Our pivot point stands at 105.7.

Our preference

The upside prevails as long as 105.7 is support.

Alternative scenario

Below 105.7, expect 101 and 98.2.

Comment

The RSI is above its neutrality area at 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 105.626 and 104.5768).

Supports and resistances

126.7 **

123.8 *

121 **

118.1

109.94 (USD-last)

107.5

105.7 **

101 *

98.2 **

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