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Bullish Moving Average Cross by Abbott Labs (ABT)

By Shiri Gupta

Today, shares of Abbott Labs (NYSE:ABT) have advanced above their 10-day MA of $58.84 on a volume of 819K 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.

Over the past year, Abbott Labs has traded in a range of $36.76 to $64.60 and is now at $59.34, 61% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.5%.

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: moving crosses abbott labs

Ticker(s): ABT