ABBOTT LABORATORIES (NYSE:ABT) - A Strong Technical Setup for Breakout Investors

ABBOTT LABORATORIES (NYSE:ABT) has been identified as a potential breakout candidate by our technical screening process. The stock demonstrates a combination of solid technical strength and a high-quality setup pattern, making it worth a closer look for traders.

Technical Strength

• Technical Rating (8/10): ABT scores well above average, indicating a healthy trend. The long-term trend remains positive, while the short-term trend is neutral, suggesting stability.
• Relative Strength: The stock outperforms 88% of all stocks over the past year and ranks in the top 15% of its industry (Health Care Equipment & Supplies).
• Moving Averages: The stock trades above key moving averages (20-day, 50-day, 100-day, and 200-day), reinforcing its bullish structure.
• Volume & Liquidity: Average daily volume of 7.46 million shares ensures good liquidity, reducing slippage risk for traders.

Setup Quality

• Setup Rating (9/10): ABT is consolidating within a defined range ($125.59 - $136.80), showing reduced volatility—a key characteristic of a breakout setup.
• Support & Resistance: Strong support exists near $130.89, providing a logical stop-loss level. Resistance is noted at $140.23, offering a clear upside target.
• Pocket Pivot Signal: Recent accumulation signals suggest institutional interest, adding confidence to the setup.
• Entry & Exit Points: A potential entry at $132.39 (above the 10-day moving average) with a stop-loss at $129.12 limits downside risk to 2.47%.

For a deeper technical assessment, review the full TA report for ABT.

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Disclaimer

This is not investment advice. Always conduct your own analysis and consider risk management before trading.