Abbott Laboratories may rise to 114.50 - 117.00

Our pivot point is at 101.5.

Our preference

The upside prevails as long as 101.5 is support.

Alternative scenario

Below 101.5, expect 97.4 and 95.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 103.5215 and 103.92).

Supports and resistances

119.5 **

117 *

114.5 **

112.1

105.24 (USD-last)

103.1

101.5 **

97.4 *

95 **

Number of asterisks represents the strength of support and resistance levels.