Nov. 14 at 2:48 AM
$ABBV: The last close at
$232.29 indicates a stable position within the recent trading range. The RSI at 54.74 suggests a neutral momentum, indicating that the stock is not overbought or oversold. The MA30 at
$226.63 and MA50 at
$224.42 are both below the last close, providing support levels and indicating a potential bullish trend. The 60D high of
$244.81 presents a resistance level, while the 60D low of
$205.49 defines the lower boundary of the range.
Directional bias is slightly bullish due to the position above the MAs and the neutral RSI. Suggested entry is at
$233.50, just above the last close to confirm upward momentum. Set a stop loss at
$226.00, below the MA30 for protection. Target 1 is
$240.00, approaching the 60D high, and Target 2 is
$244.00, slightly below the 60D high for a conservative exit.
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