Abbott Labs's most recent trend suggests a bullish bias. One trading opportunity on Abbott Labs is a Bull Put Spread using a strike $99.50 short put and a strike $94.50 long put offers a potential 19.9% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $99.50 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.17 would be incurred if the stock dropped below the $94.50 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 67.87 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Abbott Labs
3 Safe Stocks to Hold Through the Next Market Crash
Sat, 01 Aug 2020 10:44:00 +0000
Abbott Laboratories (NYSE: ABT) makes for a terrific investment for many reasons. For long-term investors, it starts with the Illinois-based company's rich history of dividend growth. Abbott is well on its way to becoming a Dividend King in a couple of years.The dividend currently yields about 1.4% annually, a bit short of the S&P 500 average of 2%.
Sorrento Therapeutics Licenses 30-Minute Spit Test for Covid-19
Wed, 29 Jul 2020 12:01:00 +0000
CEO Dr. Henry Ji said the test could eventually be used to test people before they fly on airplanes, attend sporting events, or stay at a hotel.
Novo, Roche Scored Highest Returns on Invested Capital
Tue, 28 Jul 2020 21:35:37 +0000
During same 10-year period, Eisai and Abbott were worst performers in measure Continue reading…
3 Rock-Solid Healthcare Stocks to Buy in a Market Crash
Tue, 28 Jul 2020 13:48:00 +0000
During a market crash, it can be common for investors to worry that the stocks they're buying at a dirt-cheap price might not rebound — that they might experience extended declines and never recover. In most cases, if we invest in companies with profit and revenue growth, it's likely their shares will bounce back. One of the biggest reasons to like Illumina (NASDAQ: ILMN): It's the leader in the genome sequencing market.
If You Had Invested $1,000 in Abbott Labs During the Last Recession, This Is How Much You Would Have Today
Tue, 28 Jul 2020 12:11:00 +0000
Abbott Laboratories (NYSE: ABT) is a blue-chip stock that has been at the forefront of coronavirus testing since the early days of the pandemic. Abbott Labs is shipping millions of these tests to communities, medical providers, and laboratories around the world. In the midst of a global recession, it's normal to think long and hard before investing your hard-earned money.
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