ABBV REVERSALLooking to stay above the descending trend line and also to break .236 Fib extension @ 65.66 to go long. Short term PT $74.96Longby Master_of_Fine_Charts222
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.Longby bilalqadry1
Rejected at 65.15, needs to maintain above for morningstar We need confirmation of the oversold reversal in progress !by bilalqadry1
Bullish now and short when hitting $80 ABBVBullish now and short when hitting $80 ABBVby AntonioFernandez3
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 sharesLongby bilalqadry332
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. Shortby Opportunistock2
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 $$$$$. Longby RedHotStocks2212
New HighThere is a giant window to be closed. We shall see an attempt at least.Longby motleifaulUpdated 4
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.Longby Heist_FlyZ1
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.Longby infbp22119
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. If you found this helpful please like! Feel free to comment or ask questions.by tradersmentality3
ABBV - Ready to Breakout?Nice volume on Friday. Looking at calls on a break of Friday's high. Longby UnknownUnicorn50135852
Trade for the Week ending on 5/175/17 week trade strategy for ABBV, short position 2 potential closes varying riskShortby taylorcornwall7660
ABBV : Short term and Medium Term view.As per my wave analysis, it looks like it will go down to 65-70 levels. But once this down move is completed, we can expect a good UP move to around 110-120 levels. Longby TheChauhansView2
$ABBV ABBVIE INC poised to move higherABBVIE INV has had a considerable sell off but has finally stemmed the tide of negative price action. A nice double bottom reversal has created some support for a move higher we need to see a break of $84 then rally to the falling 200ma at $88 where we can reassess. Longby RedHotStocks6