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Next Support Level for Abbott Labs (ABT) is $50.53

By Amy Schwartz

Shares of Abbott Labs (NYSE:ABT) have bearishly opened below the pivot of $51.13 today and have reached the first support level of $50.85. Should the shares continue to fall, the support pivots of $50.53 and $49.93 will be of interest.

In the past 52 weeks, shares of Abbott Labs have traded between the current low of $0.00 and a high of $51.41 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.5%.

There is potential upside of 0.0% for shares of Abbott Labs based on a current price of $0.00 and an average consensus analyst price target of $49.50. The stock should find initial resistance at its 50-day moving average (MA) of $41.15 and further resistance at its 200-day MA of $43.09.

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