Abbott Laboratories may rise to 120.50 - 123.30

Our pivot point is at 106.7.

Our preference

The upside prevails as long as 106.7 is support.

Alternative scenario

Below 106.7, expect 102.1 and 99.3.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 108.6515 and 105.7972).

Supports and resistances

126.1 **

123.3 *

120.5 **

117.7

110.77 (USD-last)

108.5

106.7 **

102.1 *

99.3 **

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