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Abbott Labs Crosses Below its 10-day MA (ABT)

By James Quinn

Today, shares of Abbott Labs (NYSE:ABT) have fallen below their 10-day MA of $83.61 on a volume of 836K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Abbott Labs has traded in a range of $60.32 to $85.45 and is now at $82.95, 38% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Abbott Labs on June 6th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $79.54. Since that recommendation, shares of Abbott Labs have risen 5.9%. We continue to monitor ABT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses abbott labs

Ticker(s): ABT