Abbott Laboratories Stock Code ABT.NYS
Price broke above the cloud in the previous trading session, changing the outlook of this stock from bearish to bullish. The creation of a Runaway gap is hinting of a continuation of this rally. A V-shaped Ichimoku breakout is hinting of a rally to $138.60. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is at price of 26 days ago but is above the cloud at the moment. MACD is bearish but has a bullish crossover. If price is able to stay above the cloud, it could be heading towards the Ichimoku V-shaped price projection at $138.60.
$138.50 Price Target
$120.05 Risk Management Stop
3 weeks Trade Duration