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Abbott Labs: The Winning Streak Continues (ABT)

By Shiri Gupta

Abbott Labs (NYSE:ABT) traded at a new 52-week high today of $51.22. So far today approximately 677,000 shares have been exchanged, as compared to an average 30-day volume of 8.6 million shares.

Abbott Labs share prices have moved between a 52-week high of $51.22 and a 52-week low of $36.76 and are now trading 39% above that low price at $51.19 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

Abbott Laboratories discovers, develops, manufactures, and sells a broad and diversified line of health care products and services. The Company's products include pharmaceuticals, nutritional, diagnostics, and vascular products. Abbott markets its products worldwide through affiliates and distributors.

Abbott Labs (NYSE:ABT) defies analysts with a current price ($51.19) 3.3% above its average consensus price target of $49.50. Abbott Labs shares have support at the 200-day moving average (MA) of $43.09 and additional support at the 50-day MA of $41.15.

SmarTrend is monitoring the recent change of momentum in Abbott Labs. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Abbott Labs in search of a potential trend change.

Keywords: 52 week high/lows abbott labs

Ticker(s): ABT