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Abbott Labs (ABT) Breaks Through Resistance at $69.35

By Nick Russo

Abbott Labs (NYSE:ABT) has opened bullishly above the pivot of $68.50 today and has reached the first level of resistance at $69.35. Should the shares continue to rise, the resistance pivots of $70.31 and $72.13 will be of interest.

Abbott Labs (NYSE:ABT) is currently priced 1.7% above its average consensus analyst price target of $68.13. The stock should find initial support at its 50-day moving average (MA) of $67.70 and further support at its 200-day MA of $62.54.

In the past 52 weeks, Abbott Labs share prices have been bracketed by a low of $53.61 and a high of $74.15 and are now at $69.28, 29% 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 advanced 0.6%.

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: pivot alerts abbott labs

Ticker(s): ABT