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Abbott Labs Bullish Moving Average Crossover Alert (ABT)

By Amy Schwartz

Today, shares of Abbott Labs (NYSE:ABT) have crossed bullishly above their 10-day moving average of $80.26 on a volume of 207K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Abbott Labs share prices have been bracketed by a low of $65.44 and a high of $88.76 and are now at $81.45, 24% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.5%.

SmarTrend is tracking the current trend status for Abbott Labs and will alert subscribers who have ABT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses abbott labs

Ticker(s): ABT