Abbott Laboratories may rise to 112.50 - 114.30

Our pivot point is at 101.1.

Our preference

Our next up target stands at 112.5.

Alternative scenario

Below 101.1, expect 98 and 96.2.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 103.9905 and 105.4008).

Supports and resistances

116.2 **

114.3 *

112.5 **

110.6

106.57 (USD-last)

102.2

101.1 **

98 *

96.2 **

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