Abbott Laboratories is neutral

Our pivot point stands at 108.1.

Our preference

Short term technical rebound towards 108.1 before a new drop.

Alternative scenario

The upside breakout of 108.1 would call for 111.1 and 113.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above its 20 day moving average (104.3125) but under its 50 day moving average (105.0162).

Supports and resistances

113 **

111.1 *

108.1 **

106.9

104.88 (USD-last)

100.7

98.9 **

97 *

95.2 **

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