Abbott Labs (ABT) Offering Possible 8.46% Return Over the Next 9 Calendar Days

Abbott Labs's most recent trend suggests a bearish bias. One trading opportunity on Abbott Labs is a Bear Call Spread using a strike $112.00 short call and a strike $117.00 long call offers a potential 8.46% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $112.00 by expiration. The full premium credit of $0.39 would be kept by the premium seller. The risk of $4.61 would be incurred if the stock rose above the $117.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Abbott Labs is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Abbott Labs is bearish.

The RSI indicator is at 35.31 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Abbott Labs

Abbott (ABT) Confirms Capacity to Support MCS Devices Demand
Tue, 08 Jun 2021 11:11:11 +0000
Abbott's (ABT) HeartMate 3 heart pump can significantly enhance quality of life and reduce adverse events.

Abbott (ABT) Gains As Market Dips: What You Should Know
Mon, 07 Jun 2021 21:45:09 +0000
Abbott (ABT) closed at $110 in the latest trading session, marking a +0.65% move from the prior day.

3 Medical Diagnostics Stocks in Focus on Long-Term Potential
Mon, 07 Jun 2021 11:46:11 +0000
MedTech testing stocks like Quest Diagnostics Incorporated (DGX), Thermo Fisher Scientific, Inc. (TMO) and Laboratory Corporation of America Holdings (LH) are likely to survive post-pandemic.

Abbott Labs Stock Drops as Covid Vaccinations Rise. What That Means for Earnings.
Sat, 05 Jun 2021 00:45:00 +0000
As vaccinations rise and public-health officials ease testing recommendations, the outlook for Abbott Labs shares has changed—but not as much as some think.

A Look At The Fair Value Of Abbott Laboratories (NYSE:ABT)
Fri, 04 Jun 2021 05:15:10 +0000
How far off is Abbott Laboratories ( NYSE:ABT ) from its intrinsic value? Using the most recent financial data, we'll…

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