ABT broke out of it multi-year range last week and pulled back this week to retest and re-gather, giving market makers a chance to buy back stock sold short at higher levels. The pullback didn't fully close the gap from the news announcement last Tuesday about ABT splitting into two companies to unlock the value in shares. NOTE: This is the way that companies...
ABT is very close to making all time highs. The stock has been holding in a range for more than a few years. ABT is still working off the excessive valuations that were reached in the late 1990's. Sales and earnings have steadily advanced over the past 10 years to bring valuations back down to more earthly levels. If a breakout above $55.20 occurs, then look...
