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Bearish Moving Average Cross by Abbott Labs (ABT)

By James Quinn

Today, shares of Abbott Labs (NYSE:ABT) have fallen below their 10-day MA of $78.37 on a volume of 294K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Abbott Labs has traded in a range of $70.00 to $92.45 and is now at $76.74, 10% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

SmarTrend is tracking the current trend status for Abbott Labs and will alert subscribers who have ABT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses abbott labs

Ticker(s): ABT