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Abbvie Inc Bearish Moving Average Crossover Alert (ABBV)

By James Quinn

Abbvie Inc (NYSE:ABBV) shares have crossed bearishly below their 10-day moving average of $78.05 on a volume of 750K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Abbvie Inc share prices have moved between a 52-week high of $100.23 and a 52-week low of $73.81 and are now trading 5% above that low price at $77.79 per share. The 200-day and 50-day moving averages have moved 0.34% lower and 0.35% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Abbvie Inc on January 14th, 2019 by issuing a Downtrend alert when the shares were trading at $85.73. Since that call, shares of Abbvie Inc have fallen 8.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses abbvie inc

Ticker(s): ABBV