TopMarketGainers
Long

Investors see the upside to Allergan deal, Bullish above $77

NYSE:ABBV   ABBVIE INC
As 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 $$$$$.
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Your Analysis is amazing, I'd really appreciate it if you could give us some love, too. @TopMarketGainers
+1 Reply
TopMarketGainers Bullandbeartrading
@Bullandbeartrading, Thank you and of course spread the love !!!
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