Abbott Laboratories may rise to 113.10 - 114.70

101.3 is our pivot point.

Our preference

Our next up target stands at 113.1.

Alternative scenario

Below 101.3, expect 98.6 and 97.1.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is above its 20 and 50 day moving average (respectively at 103.7115 and 106.4908). Finally, Abbott Laboratories has crossed above its upper daily Bollinger band (106.66).

Supports and resistances

116.3 **

114.7 *

113.1 **

111.4

107.58 (USD-last)

102.3

101.3 **

98.6 *

97.1 **

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