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Bullish Moving Average Cross by Abbvie Inc (ABBV)

By David Diaz

Abbvie Inc (NYSE:ABBV) crossed over its 10-day moving average of $80.32 on a volume of 440K shares. This may provide short-term investors a chance 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 $107.25 and a 52-week low of $75.77 and are now trading 6% above that low price at $80.58 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 declined 0.6%.

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 7.3%. 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