Jun. 2 at 3:42 AM
$ABT trading ~
$85.79, with option flow in image_ab4793.png highlighting an aggressive
$59.6K sweep for the 06/05
$89 calls, signaling traders are betting on a quick bounce.
📈 Setup: The company recently showcased an expanding oncology diagnostics portfolio at ASCO 2026, and management maintains a constructive long-term growth outlook despite recent EPS guidance adjustments.
🐂 Bull Trigger: A clean daily close above
$88.28 is required to trigger a momentum breakout and move toward the
$95.34 target zone.
🐻 Bear Level: A failure to hold the
$84.87 support level risks a further flush toward the year's lows.
📊 Trend: BULLISH — Unusual option activity and a flurry of positive clinical data suggest investors are looking for a floor at these levels. #abt #healthcare #stocks #hovdid
