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Bullish Moving Average Cross by Abbott Labs (ABT)

By Amy Schwartz

Abbott Labs (NYSE:ABT) shares have crossed bullishly above their 10-day moving average of $84.79 on a volume of 438K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Abbott Labs have traded between a low of $65.44 and a high of $88.76 and are now at $85.57, which is 31% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Abbott Labs and will alert subscribers who have ABT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses abbott labs

Ticker(s): ABT