The Chart of the Day belongs to Abbott Laboratories (ABT). I found the stock by sorting the All Time High list for the highest technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 8/26 the stock gained 1.33%.
Abbott is a global healthcare company devoted to improving life through the development of products and technologies that span the breadth of healthcare. They have a portfolio of leading, science-based offerings in diagnostics, medical devices, nutritionals and branded generic pharmaceuticals.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 7 new highs and up 3.38% in the last month
- Relative Strength Index 65.35%
- Barchart computes a technical support level at 42.31
- Recently traded at 43.39 with a 50 day moving average of 42.34
Fundamental factors:
- Market Cap $65.15 billion
- P/E 20.54
- Dividend yield 2.06%
- Revenue expected to increase 2.60% this year and another 5.40% next year
- Earnings estimated to increase 10.90% this year, an additional 10.30% next year and continue to grow at an annual rate of 10.60% for the next 5 years
- Wall Street analysts issued 5 strong buy, 10 buy, 8 hold, 1 under perform and 1 sell recommendation on the stock.
The 100 day moving average vs price has been a very consistent entry and exit signal on this stock. Use it in a disciplined manner.
No comments:
Post a Comment