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Abbott Laboratories (ABT) Crosses Pivot Point Resistance at $40.84

By Shiri Gupta

Abbott Laboratories (NYSE:ABT) has opened bullishly above the pivot of $40.70 today and has reached the first level of resistance at $40.84. Should the shares continue to rise, the resistance pivots of $41.10 and $41.50 will be of interest.

In the past 52 weeks, shares of Abbott Laboratories have traded between the current low of $0.00 and a high of $51.74 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

Potential upside of 0.0% exists for Abbott Laboratories, based on a current level of $0.00 and analysts' average consensus price target of $51.16. Abbott Laboratories shares should first meet resistance at the 50-day moving average (MA) of $41.15 and find additional resistance at the 200-day MA of $43.09.

SmarTrend is monitoring the recent change of momentum in Abbott Laboratories. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Abbott Laboratories in search of a potential trend change.

Keywords: pivot alerts Abbott Laboratories

Ticker(s): ABT