Weedkiller420
Long

ABBV REVERSAL

NYSE:ABBV   ABBVIE INC
Looking to stay above the descending trend line and also to break .236 Fib extension @ 65.66 to go long. Short term PT $74.96
How short term are you looking at for your price target?
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@Ranko19, Probably a couple months altho it could be faster depending on the overall market conditions. ABBV has a hefty div and healthcare/biotech seem to be coming into favor. I predict that the DIA, QQQ and IWM will all drop significantly as the recession hits so ABBV yield is very attractive in a recession setting. A good trade but also great stock to build a long term position IMO.
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