Abbott Laboratories may rise to 121.50 - 124.40

Our pivot point is at 108.5.

Our preference

The upside prevails as long as 108.5 is support.

Alternative scenario

Below 108.5, expect 103.9 and 101.1.

Comment

The RSI is above its neutrality area at 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 109.934 and 106.3522).

Supports and resistances

127.1 **

124.4 *

121.5 **

118.8

112.7 (USD-last)

110.3

108.5 **

103.9 *

101.1 **

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