Measured Move Target At 110Pretty simple analysis here:
touch of the bottom Keltner channel
potential weekly anti forming bearish
daily and weekly price action seem to deserve a second leg with the big surprise bear moves.
ABT trade ideas
ABT long at 126.75 -- bad new is good news (for me)ABT got some bad news today when a Missouri judge ruled there would be a retrlal regarding a court case involving ABT's baby formula, and the stock, which was already down 3 days in a row, got thumped. While I don't dismiss long term risk from that news, I'm not in this for the long haul. I will likely be long gone before anything happens with that retrial.
What matters to me is this:
-ABT is one of the top 3% stocks for my system, historically. That rating is based on trade performance, the length of its trading history, and several other factors related to safety and trade performance that I use.
-It is down 4 out of 5 days, and that in itself has some historical precedent as a long trade setup for short-term trades, though I must admit - it hasn't worked all that well for me lately.
-it's in the middle of its 6M high/low range. Not ideal, but not bad either.
-it is still solidly in an uptrend going back to 2024.
-I'm not convinced the market jitters are over and it ideally is less risky than some more typically volatile stocks.
-historical performance (combined actual and backtested) for ABT with my trading system:
1819-0 W/L prior to today
+2.08% average gain per lot traded
18 trading day average hold per lot
Avg. return = .116%/day (2.7x better per day returns than the stock market, historically)
So for all those reasons, I went long before the close at 126.75. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
$ABT : Reversal Pattern Just Dropped – Is $115 the NextAlright, let’s check out ABT on the daily chart. The stock enjoyed a steady climb since Jan 2025, riding a clear uptrend line, and now just nailed a technical reversal pattern, and it seems like it’s aiming for a target around $115 per share in the short term (1-3 months).
Abbott Laboratories | ABT | Long at $110.00Abbott Laboratories NYSE:ABT has been making higher highs and lower lows over the last year, potentially signaling a reversal in its downward trend. Monkeypox and the return of cold/flu/COVID season may spark another run to close the price gap on the daily chart around $140. It is currently in a personal buy zone at $110.00.
Target #1 = $118.00
Target #2 = $140.00
Abbott and Amazon: Two Bright Spots in a Sea of Red◉ Abbott Laboratories NYSE:ABT
● The stock previously faced strong resistance near the $134 level, leading to an extended consolidation phase.
● During this period, a Rounding Bottom pattern emerged, signalling a potential continuation of the upward trend.
● Following a recent breakout, the stock has surged to its all-time high and is expected to maintain its upward momentum in the coming days.
◉ Amazon NASDAQ:AMZN
● Since August 2020, Amazon's stock has been consolidating, forming a clear Inverted Head & Shoulders pattern.
● After breaking above the neckline, the stock rallied sharply and reached an all-time high near $242.
● Following this, the price pulled back to retest the breakout level and with a successful retest, the stock is now well-positioned to resume its upward trend.
ABT Bullish Momentum – Move Toward $141.60 ExpectedNYSE:ABT is showing strong bullish momentum, trading within an ascending channel and steadily approaching the upper boundary. The recent price action highlights consistent buying pressure, suggesting a potential continuation toward the $141.60 level.
The stock has maintained its position above key trendlines, with higher highs and higher lows confirming the bullish structure. A minor pullback toward the midline of the channel could offer buyers another opportunity to step in before pushing higher.
This setup aligns with the expectation of a bullish continuation, with the upper channel resistance around $141.60 acting as the next logical target.
If you agree with this analysis or have additional insights, feel free to share your thoughts here!
ABT Strong Bullish Momentum – Move Toward $127.00 ExpectedNYSE:ABT is exhibiting strong bullish momentum, supported by a significant breakout above prior consolidation levels. The alignment of moving averages and the strength of recent price action suggest further upside potential, with the next logical target at $127.00.
The price has surged above key moving averages, including the 50 EMA, 100 EMA, and 200 EMA, all of which are trending upward. This confirms sustained momentum and further supports the bullish case.
ABT -CUP and HandleA little late posting this idea but I believe I identified a cup - and- handle pattern on the daily chart in ABT. I was able to enter the trade in the pull back of the 'handle' when volume was starting to dry up at $113.25. Prior to the formation of the pattern there was a ~29% run up on the stock. Playing this conservatively I am setting my price targets at 12% ($134.40) and 24% ($148.8) above the high of the pattern. Where I will sell half of my position at the first target and the second half at the second target. Initially my first Stop Loss is set just beneath the 'handle' at $106.99
Abbott Laboratories | Chart & Forecast SummaryOn The 15 Minutes Chart You Can See
# A Trend | A Time Frame Conductive
- This Measurement on Session Means;
* Support & Resistance | HH & HL's
and also a
* Trade Area | Focus & Motion Ahead
Containing A Falling Wedge That Acts Like Support On The Valid Target Dotted Through The Arrow Confirmation
The Unnumbered Retracement You Can See Here, Indicates A 50% Retracement What Makes This A Valid Direction To Set Up Further Alliance In, Upwards
On Replay Mode That Means An Uptrend Structured, While Measuring The Trend | Behaviour & Entry Principle. Development Into The Relevant Retracement Area You can Motivate Like This
Overall Conclusion | Like The Trade Plan Execution & Risk Management on Demand This Tells Us;
"It Is A Buy For Now"
Thank You For Watching. See You Next Time
Abbott Labs Shakes Off Downtrend, Sets Sights on $142 milestoneIn December 2021, the stock price hit an all-time high near the 142 mark, after which it experienced a significant drop.
Following this decline, the price found support around the 90 level and began to recover.
Last week, the stock managed to break through the upper boundary of the descending parallel channel, setting the stage for additional upward momentum.
An immediate resistance level is noted at the 122 level, and a substantial movement is expected if this level is surpassed.
ABT Abbott Laboratories Options Ahead of EarningsIf you haven`t bought the dip on ABT:
Now analyzing the options chain and the chart patterns of ABT Abbott Laboratories prior to the earnings report this week,
I would consider purchasing the 115usd strike price Puts with
an expiration date of 2024-10-18,
for a premium of approximately $1.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ABT Abbott Laboratories Options Ahead of EarningsIf you haven`t bough the dip on ABT:
Now analyzing the options chain and the chart patterns of ABT Abbott Laboratories prior to the earnings report this week,
I would consider purchasing the 105usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $2.19.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ABT updateThis is a trade I did enter after my initial post, I was bullish on ABT turning around, and hoping for falling interest rates which did occur. My strategy here was to purchase a LEAP before this breakout. I will hold this and sell covered-calls against it after earnings next week, if we get a large move I will make out heavily. I might decide to keep my LEAP and exercise it in 2026 due to the value I was able to snipe.
-My short term target is the dashed green
-Medium term 115$
-Next years target > 125$
Strongly considering ABTI have been eyeing ABT for a while for my longer term account. The company is diverse, recession resistant, and forming my favorite wedge pattern on the monthly. This is a very long term chart, the dividend is nice, and I believe Healthcare remains undervalued relative to the market. I foresee a higher timeframe reversal on this and similar stocks. A resolution sometime between late fall and next summer early.
ABT, technical BTD
Abbott Laboratories (ABT) recently swept its monthly fair value gap and saw a significant price increase from $102 to $104 on Friday. Despite the jump, there was no specific news driving this above-average ATR daily movement. The stock has been holding above the $100 level, building a solid base, and the chart looks promising. With earnings due on July 18, it's worth monitoring, though no trade will be entered yet. Keep an eye on further developments as the earnings date approaches.
