Nov. 14 at 11:17 PM
$ABT is currently trading at
$130.59, above the 30-day moving average (MA30) of
$128.3 and slightly above the 50-day moving average (MA50) of
$130.38, indicating a bullish trend. The RSI of 61.78 suggests the stock is nearing overbought territory but still has room to run. The recent 60-day high of
$137.49 provides a potential target, while the 60-day low of
$122.44 establishes a support level.
Directional bias is bullish, supported by the stock's position relative to key moving averages and the RSI indicating strength without being excessively overbought.
Suggested entry point is at
$131.00, with a stop loss set at
$128.00 to manage risk. Target 1 is set at
$135.00, aligning with a resistance level, and Target 2 at
$137.00, near the recent high.
Monitor market conditions and adjust the plan as necessary.
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