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Shares of Abbott Labs Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of Abbott Labs (NYSE:ABT) traded today at $67.44, breaking its 52-week high. So far today approximately 356,000 shares have been exchanged, as compared to an average 30-day volume of 4.2 million shares.

Abbott Labs (NYSE:ABT) has potential upside of 1.0% based on a current price of $67.43 and analysts' consensus price target of $68.13. The stock should discover initial support at its 50-day moving average (MA) of $64.66 and subsequent support at its 200-day MA of $60.96.

Abbott Laboratories discovers, develops, manufactures, and sells a broad and diversified line of health care products and services. The Company's products include pharmaceuticals, nutritional, diagnostics, and vascular products. Abbott markets its products worldwide through affiliates and distributors.

In the past 52 weeks, Abbott Labs share prices have been bracketed by a low of $51.37 and a high of $67.44 and are now at $67.43, 31% above that low price. The 200-day and 50-day moving averages have moved 0.26% higher and 0.52% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Abbott Labs on May 14th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.78. Since that recommendation, shares of Abbott Labs have risen 8.4%. We continue to monitor ABT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows abbott labs

Ticker(s): ABT