ABTD trade ideas
Abbott Labs has $100 in its sights
Game changer technology in COPVID-19 testing - results now within minutes rather than hours.
Will look to fibonacci levels as targets if resistance breaks
$ABT Heads into Coronavirus Testing Pole PositionABT shares are ripping higher in recent action as the company achieves the vanguard in COVID-19 testing with its 5-minute results method -- which looks likely to set the new standard and redefine how we track this tragic disease.
This comes off a massively oversold low, and now we are back in the prior long-term range with supports in place.
Abbott Labs Game changer $abt
High volume today but advance was held at strong resistance.
possible entry on the break above this level or trade up to that level once again
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Gap down would be nice to fill the gap
ABT analysisGood setup here. Needs to break $80.65 with a 1 hr Green candle. Will see $85 if it breaks $80.65
$ABT can fall todayLow volatility stock intraday trading strategy signal.
$ABT chart shows appropriate parameters to open position. Also, the true range is low enough today, so the price has good potential to fall.
I suppose, the price will be falling until market close, so short sell can be from $80,22;
stop loss — $81;
take-profit — $77,88 or market close price.
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$ABT - Need Defense? Look No FurtherLargely seen as a defensive play, this stock actually has earnings growth and expansion. I believe it is only up from here - my year end price target is $98. If the price closes strongly below the ascending TL this trade will become invalid.
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AbbottNot worth the risk in my point of view as it has too many institutional gaps and the ratio does not have to be measured to know it is less than 1 in a short and long term down trend
ABT adjusting for a long position but with a .5 ratio E/LMany gaps and ratio is not worth the position
ABT LongDemand zone looks great on smaller time frames. Trading with bigger trend, should give a nice bounce up to test the highs.
ABT the cautious stockThis stock has been in a somewhat "predictable" sideways cycle with small up-down patterns for quite some time.
The profit taking range has been $87-$89. This is an easy buy below $79, and a half-decent buy at low $80s.
Look for continuation play at earnings.
As usual, take profits with a number you could be happy with especially at overbought/oversold levels.
Have a nice day!
ABT WEEKLYPrice has made a confirmed lower swing high @ supply level and daily has broken trend line with strong sellers
FDA Approves Less Invasive Surgical Approach for Abbott's Heart ABT: Abbott
2020-01-07 10:04:00
FDA Approves Less Invasive Surgical Approach for Abbott's Heart Pump to Help Patients Avoid Open Heart Surgery
$ABT possible short with good Risk/Reward RatioLooking for a short trade on $ABT. Chart is self-explanatory (I hope). Wait for reversal clues between 66.5 and 67 levels before trading, since this is a counter-trend idea.
ABT breaks down channel- As predicted. if ABT successfully broke down channel (pink) it would head into new up channel
- Overall correction looks like its ended and now looking to hit previous high
ABT breaking out- ABT previously resisted in down channel (pink)
- Trend step long and MMAR fully reversed to long
- Weekly MACD coming off back end of short trend
- Wait for ABT to close above pink channel
possible longABT has come back into longterm daily uptrend. on the hourly chart this may be a double bottom and zooming out on the daily we are pretty close to the .618 retracement. Seeing slgiht rejection on the hourly so this may be good for a quick scalp
Bull flag forming in Abbott Labs $100 target on break.Upside target in the $100 region , earnings approaching in October could be the stimulus for that move.
ABT specialize in Diabetes, which is one of the fastest growing disease in the world, the potential growth for ABT in huge which is reflected in the increased hiring in its European bases.
As more of the world comes out of poverty, a unfortunate result is the rise in such diet related illnesses.
Company profile
Abbott Laboratories engages in the discovery, development, manufacture, and sale of a broad and diversified line of health care products. It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, Cardiovascular and Neuromodulation Products, and Other. The Established Pharmaceutical Products segment refers to the international sales of a line of branded generic pharmaceutical products. The Nutritional Products segment caters to the worldwide sales of adult and pediatric nutritional products. The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. The Vascular Products segment trades coronary, endovascular, structural heart, vessel closure, and other medical device products. The Other segment comprises of Abbott Medical Optics. The company was founded by Wallace Calvin Abbott in 1888 and is headquartered in Abbott Park, IL.
