Abbott Laboratories: Testing the 200 day

by Josh Abbott Laboratories ($ABT) is testing a two technicals levels, the 200 day moving average and the higher lower forming it’s current coil pattern.

Shares tested the 200 day last session on heavy volume. Shares are trading right above the 200 day today, last at $34.90 on a light volume of 2,983,830 shares. Average daily volume has been 7,060,859 shares.

Shares have been printing lower highs and higher lows forming a coil this summer. The 200 day is coming up to meet that lower end of this support line.

52 Week Range $31.64-$72.47 Market Cap 54,235,866,639 Average Volume 7,060,859 Dividend Yield 1.60% Institutional Ownership 73.10% Insider Ownership: 0.00% Percentage of Float Short 0.70% Beta 0.22

Abbott Laboratories discovers, develops, manufactures and sells a broad and diversified line of health care products.

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