Abbott Laboratories may rise to 122.70 - 124.60

Our pivot point is at 113.6.

Our preference

The upside prevails as long as 113.6 is support.

Alternative scenario

Below 113.6, expect 110.6 and 108.8.

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 114.3085 and 113.0972).

Supports and resistances

126.3 **

124.6 *

122.7 **

120.9

116.12 (USD-last)

114.8

113.6 **

110.6 *

108.8 **

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