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Next Support Level for Abbott Labs (ABT) is $78.21

By Shiri Gupta

Shares of Abbott Labs (NYSE:ABT) have bearishly opened below the pivot of $78.75 today and have reached the first support level of $78.39. Should the shares continue to fall, the support pivots of $78.21 and $77.67 will be of interest.

Abbott Labs (NYSE:ABT) is currently priced 13.1% above its average consensus analyst price target of $68.13. The stock should discover initial support at its 50-day moving average (MA) of $73.05 and subsequent support at its 200-day MA of $68.46.

Abbott Labs share prices have moved between a 52-week high of $79.11 and a 52-week low of $56.81 and are now trading 38% above that low price at $78.38 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Abbott Labs on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.26. Since that recommendation, shares of Abbott Labs have risen 10.3%. We continue to monitor ABT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts abbott labs

Ticker(s): ABT