Abbott Laboratories ( $ABT ) stock is trading under 100 dollars as of July 22nd , 2019 and offering a possible buying price between $85.75- $ 90.04. Let’s look at the stocks technical actions using a weekly chart.
2. The stock broke out in a solid volume in early February in above average volume.
3. The stock had a quick, but a solid run after that.
4. The stock went into a long consolidation after that and had to reset the 50 day moving average support few times.
5. The stock staged another breakout in decent volume, and made another quick run.
6. The stock had another quick consolidation, it seems.
7. The stock is also trading above the 50 DMA support.
8. The stock is offering possible buying price between $85.75- $ 90.04, with a stop loss at $78.89.
