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After Yesterday's Decline of 2.73%, Abbott Laboratories Offers Investors Better Value

By James Quinn

Abbott Laboratories (NYSE:ABT) traded in a range yesterday that spanned from a low of $39.94 to a high of $41.38. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $40.50 on volume of 11.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Abbott Laboratories have traded between a low of $36.00 and a high of $51.74 and are now at $40.04, which is 11% above that low price. The 200-day and 50-day moving averages have moved 0.53% lower and 0.06% lower over the past week, respectively.

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: rebounders Abbott Laboratories

Ticker(s): ABT