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HaseebKhan_90
Sep 3, 2021 1:00 PM

ABT to break out? Long

Abbott LaboratoriesNYSE

Description

* Strong up trend
* Consolidating since beginning of 2021
* Strong earnings
* Lower than average volume

All signs point to it breaking out soon. Due to the lack in volume ABT may visit the $126 area before breaking out.

Trade idea:
* Wait for a break before entering
* Look for an entry around $126 for a discount

Target after breakout would be $151.65

Looking at its growth, ABT is a great long term hold that pays out dividends!

Comment

ABT is one to keep an eye on. It's trying to break!
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