shortComing into long term downtrend resistance. Currently at gap but not pushing through and at .618 retracement. Looking for quick short. With S$P looking shaky, we might see more sell pressure
4ABBV trade ideas
ABBV - Test the trendlineAs we can see from the chart, the price now is testing the bearish trendline which had stood for months. Besides, ABBV crossed the 70, the old resistance which can only be seen if switching to Weekly chart. Next, the price now is being supported by a bullish trendline.
There are 2 strategies:
1. Wait for the price to test the up-ward trendline again, and start a long position.
2. Wait for the price to break the bearish trendline, and go long
The target price for both is 76 - to close the gap and meet a strong resistance these months in 2019.
ABBV long setupABBV’s innovation outlook is trending up based on a current score of 70 out of 99, outperforming sector average. Jobs growth over the past year has decreased and insiders sentiment is positive. ABBV is an Outperformer in terms of sustainability. It is most exposed to AstraZeneca PLC as its supplier. Over the past 4 quarters ABBV beat earnings estimates 3 times and it pays dividend higher than its peers.
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ABBV | POT Stock I think it's time to start gaining a position on one of the most popular pot shares
ABBV - Might be finished, so now what.For this to work, the price dips into the blue lines and up to the green just under $80 for a 1-3 month play.
Good time to buy ABBVIEChart Analyse
Based on weekly and monthly chart, we can see an interesting point in the ABBVIE chart.
The weekly chart is showing a nice low currently forming. Lets see how we end this week.
And if we look at the long term trend, the low sits exactly on the long term trend line.
If we look at the monthly timeframe you can see also a nice candle forming. we still have a week to go this month, so lets see what happens.
Additionally, this corresponds to Fibonacci zone 78.6
Dividend
currently 6.4 % Dividend
6 year growth history
good payout ratio
1 year dividend growth 27 %
$ABBV Good stock but hold your cash.No need to catch the falling knife on $ABBV. Great dividend stock and a very big player. Still a nice entry if its your retirement fund stock.
ABBV REVERSALLooking to stay above the descending trend line and also to break .236 Fib extension @ 65.66 to go long. Short term PT $74.96
ABBV brokeout and maintained to stay above VWAP (65.05): BUYDIPSLooks like we have a reversal forming. If ABBV maintains above 65.05 on a S&P down day buy every dip.
Rejected at 65.15, needs to maintain above for morningstar We need confirmation of the oversold reversal in progress !
Positive pipeline and sales will push this to USD 80 fastChanging fundamentals for ABBV and oversold conditions make this an extremely favorable buy on risk vs. reward. Im in with 1500 shares
ABBV: Ex-Dividend Put Play for 7/12 ONLYHi All,
I am testing this Ex-Dividend Put Play after a huge success in doing AT&T (T) dividend play.
ABBV is to distribute $1.07 as a dividend, and on the ex-dividend date, that much will be subtracted from the share price.
ABBV closed at $71.24 and subtracting $1.07, let's hope that tomorrow, it will open around $70.17 without calculating other factors.
If this goes as a success, I will try to post more ex-dividend put plays so you all can join at your own risk.
Investors see the upside to Allergan deal, Bullish above $77As usual once a deal is announced the acquirers stock price automatically drops, then those that sold realise that the company knows more than them and the acquisition is actually beneficial, thus the price shoots back up. Currently old support is acting as resistance but we think not for long and a break above will be very positive in the near term, providing a nice long trade opportunity.
Alerts set for break of $77 in anticipation of strong move to $87 target.
Remember that Botox brings big $$$$$.
Can we recover from a recent fall and hold $70?Despite the fact that stock went below $70 for a while, it was all quickly bought back above $70. Now it's important to hold this level and confirm the continuation of the main trend. I'm going to build a position in the range of $70-75. NO SL, Long-term only.
ABBV: Swing trade opportunityABBV took a sharp dip with the recent news, but at the end of the day, they will just grow bigger. From a technicial analysis stand point, ABBV remains ina decending wedge, even with the sharp decline in price. Lower risk entry would be confirmed brakeout above the wedge. I may be interested in a swing trade between the .786 and .382 fibs. This could potentially yield a 35-45% profit.
ABBV Sell Vacuum - Understanding Climaxes and VacuumsABBV is selling off this week in a third leg down from the buy climax and all time high. Although it looks strong at first glance, this is more likely a sell vacuum (sell climax) than the start of a strong bear breakout. A vacuum is created when strong bulls step aside and wait for prices to reach a location they want to buy, and the strong bears continue to hold for the same price level (and some continue to sell). This creates a temporary one sided market. This sell off is likely a test the previous converging triangle, and middle of the trading range preceding the bull breakout. The bulls will look to form some sort of double bottom which could be a failed breakout below the 60 or 50 lows, or an actual double bottom. If there is a reversal up next week, it would form a parabolic wedge bull flag, bears will look to take profits and bulls will look to re-establish longs. If instead there is continued selling and a strong breakout below the 50 low, the bears will likely get a test of the opening tight trading range around 40.
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