ABBOTT LABORATORIES
(ABT-NYSE):
Technical Viewpoint: From a low
of $47.81 on Oct 19, 2000 prices
rallied, reaching a
high of $51 5/8
on Oct 30, 2000. A
decline saw prices pull back, reaching a
low of
$49.19 on Nov 13, 2000.
Another rally saw prices penetrate
resistance, closing 11/28/00
at $54 3/4. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Nov 28, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $51.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 28, 2000. A P&F upside
reversal takes place at $53 1/2. Summary: Technical indicators have turned bullish. BUY! ABBOTT LABORATORIES
(ABT-NYSE) @ $55 1/8 Stop: Use a protective stop of $52 1/2.
ABBOTT LABORATORIES is currently trading @ $54 3/4 plus $1 3/4 on Nov 28, 2000. Price Objective:
$66.00. Risk/Reward: $2 5/8 VS. $10 7/8. Today's Risk Reward Ratio: 4:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$66.00
Risk/Reward:
$2 5/8 VS. $10 7/8
Risk/Reward Ratio:
4:1
|