Abbott Laboratories may rise to 116.90 - 119.70

Our pivot point stands at 103.9.

Our preference

The upside prevails as long as 103.9 is support.

Alternative scenario

Below 103.9, expect 99.3 and 96.5.

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 106.6475 and 105.1348).

Supports and resistances

122.5 **

119.7 *

116.9 **

114.1

108.24 (USD-last)

105.8

103.9 **

99.3 *

96.5 **

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