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Abbvie Inc Bullish Moving Average Crossover Alert (ABBV)

By James Quinn

Abbvie Inc (NYSE:ABBV) crossed over its 10-day moving average of $92.01 on a volume of 841K 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.

Abbvie Inc share prices have moved between a 52-week high of $125.86 and a 52-week low of $55.06 and are now trading 69% above that low price at $92.88 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that its subscribers protect gains by selling shares of Abbvie Inc on March 22nd, 2018 by issuing a Downtrend alert when the shares were trading at $100.01. Since that call, shares of Abbvie Inc have fallen 8.2%. 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