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Abbott Laboratories Bullish Moving Average Crossover Alert (ABT)

By Amy Schwartz

Today, shares of Abbott Laboratories (NYSE:ABT) have crossed bullishly above their 10-day moving average of $37.88 on a volume of 1.3 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Abbott Laboratories have traded between a low of $36.00 and a high of $51.74 and are now at $38.21, which is 6% above that low price. The 200-day and 50-day moving averages have moved 0.53% lower and 0.06% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Abbott Laboratories on April 28th, 2016 by issuing a Downtrend alert when the shares were trading at $40.84. Since that call, shares of Abbott Laboratories have fallen 7.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Abbott Laboratories

Ticker(s): ABT