Bullish DailyPlay for Tuesday Jan 17th, 2018 – Abbott Laboratories (ABT)
The bullish DailyPlay we chose for Tuesday Jan 17th is Abbott Laboratories (ABT). ABT is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 3.74% move higher and its 1m and 6m trend has turned bullish on 1/2 and recently broke higher above its $84 resistance level which now becomes support.
Abbott Laboratories’ 1m and 6m trends turned bullish on 12/15 and recently broke higher above its $57 resistance level which now becomes support. With a technical score of 8 (out of 10), ABT is a strong bullish stock that is likely to continue higher.
As a stop loss, if ABT was to trade below $57 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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