Nov. 21 at 2:06 AM
$ABBV: The last close at
$229.93 indicates a strong position within its recent trading range. With an RSI of 67.01, the stock is approaching overbought territory, suggesting a potential pullback. The 30-day MA at
$226.77 and the 50-day MA at
$226.39 provide support levels, indicating a bullish trend in the short term. The 60-day high of
$244.81 sets a target for upward momentum, while the low of
$205.49 establishes a solid floor for risk management.
Directional bias: Slightly bullish, but caution is warranted due to the high RSI.
Suggested entry:
$229.00 (on a slight pullback).
Stop:
$225.00 (below the 30-day MA).
Targets:
$240.00 (first target) and
$244.00 (second target, near the 60D high).
Monitor for potential reversal signals as the stock approaches overbought conditions.
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