Abbott Labs's most recent trend suggests a bullish bias. One trading opportunity on Abbott Labs is a Bull Put Spread using a strike $37.00 short put and a strike $32.00 long put offers a potential 9.65% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.00 by expiration. The full premium credit of $0.44 would be kept by the premium seller. The risk of $4.56 would be incurred if the stock dropped below the $32.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Abbott Labs is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Abbott Labs is bullish.
The RSI indicator is at 79.29 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Abbott Labs
The next big pharma
Fri, 25 Oct 2013 11:01:23 GMT
MarketWatch – The market is currently being led by small- and mid-cap stocks, but there is a large cap that is handily beating the market right now that may be of interest to investors.
Agilent Technologies' Spin-Off: What's In It For You?
Fri, 25 Oct 2013 04:31:14 GMT
Seeking Alpha – Agilent Technologies ( A ), a worldwide provider of bio-analytical and electronic measurement solutions and services, recently announced its plan to separate the company into two publicly traded companies. …
Abbott Again Recognized by Science Magazine as One of the Top Employers in the Healthcare Industry
Thu, 24 Oct 2013 20:11:00 GMT
PR Newswire – ABBOTT PARK, Ill., Oct. 24, 2013 /PRNewswire/ — Abbott (NYSE: ABT) today was again named one of the Top 20 Employers by the journal Science. The annual survey is based on the views of working scientists …
Market needs to plunge to force Congress to act
Thu, 24 Oct 2013 19:45:00 GMT
CNNMoney.com – The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any …
Stop kicking the debt ceiling can!
Thu, 24 Oct 2013 19:45:00 GMT
CNNMoney.com – The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any …
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