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Shares of Abbott Labs Rise to a New 52-Week High

By James Quinn

Abbott Labs (NYSE:ABT) traded today at a new 52-week high of $83.68. This new high was reached on below average trading volume as 435,000 shares traded hands, while the average 30-day volume is approximately 4.7 million shares.

In the past 52 weeks, shares of Abbott Labs have traded between a low of $60.32 and a high of $83.68 and are now at $83.36, which is 38% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%.

Based on a current price of $83.36, Abbott Labs is currently 18.3% above its average consensus analyst price target of $68.13. Abbott Labs shares have support at the 50-day moving average (MA) of $77.78 and additional support at the 200-day MA of $73.46.

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.

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: 52 week high/lows abbott labs

Ticker(s): ABT