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Abbvie Inc Crosses Above its 10-day MA (ABBV)

By James Quinn

Today, shares of Abbvie Inc (NYSE:ABBV) have crossed bullishly above their 10-day moving average of $71.49 on a volume of 2.3 million 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 $100.23 and a 52-week low of $65.06 and are now trading 11% above that low price at $71.91 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.3%.

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 16.9%. 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