Result of our VCPSniper analysis helping us (and you) to quickly scan through 1000s of names to create a short list of actionable stocks. We always look for price tightness and trend template criteria as defined by Mark Minervini.
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The entry should be at the break of...
The stock reached a new all time high. It reminds me of NYSE:ACN ACN which broke to a new high earlier in 2021. Since then NYSE:ACN has grew by 36%; can we witness the same thing with NYSE:ABT .
NYSE:ABT is a buy at this level with a stop at $124.30
Always practise risk management.
Offshore - Abbott Laboratories (ABT, $128.45)
Sector: Healthcare: Medical Devices
Recently raised annual outlook while reporting earnings above analyst estimates.
Abbott raised its outlook for 2021 adjusted earnings from continuing operations to between $5.00 and $5.10 per share, compared with its previous forecast of $4.30 to $4.50 per share.
On an adjusted...
I was looking at $ABT on the daily and 2H chart and my set up tells me that there is a probable long opportunity at present with a decent 1:2 RR. Earlier the stock could not break out of 130 levels. This time around, if it does that, then it will be a good trade. I am recording this opinion for my reference. Feedback welcome.
The PEAD projected a Bullish outlook for $ABT after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 83.33%.
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This is an example although calculations should be correct, but earnings will play a huge factor on this one since earnings are tomorrow morning.
I tried to explain calculations/procedure for an ABC Bullish pattern on the chart. This particular stock has earnings in the morning so may not be a good one to risk right now, but it is ABC Bullish before earnings. ...
I last spoke about ABT when it was peaking at a breakout. Now, with slightly higher than average volume, it finally broke out.
Now is the time to get in
Here's a recap of what I last mentioned
* Strong up trend
* Consolidating since beginning of 2021
* Strong earnings
* Lower than average volume
All signs point to it breaking out soon. Due to the lack in...
* Strong up trend
* Consolidating since beginning of 2021
* Strong earnings
* Lower than average volume
All signs point to it breaking out soon. Due to the lack in volume ABT may visit the $126 area before breaking out.
Trade idea:
* Wait for a break before entering
* Look for an entry around $126 for a discount
Target after breakout would be $151.65
Looking...
