Abbott Labs's most recent trend suggests a bullish bias. One trading opportunity on Abbott Labs is a Bull Put Spread using a strike $38.00 short put and a strike $33.00 long put offers a potential 8.23% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.00 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 would be incurred if the stock dropped below the $33.00 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 74.33 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Abbott Labs
Actavis buys Forest Laboratories for $25bn
Tue, 18 Feb 2014 15:12:59 GMT
Financial Times – Actavis, the highly acquisitive Dublin-based drugs maker, has agreed to buy the New York-based Forest Laboratories for $25bn. If completed the acquisition by Actavis would be the biggest pharmaceutical …
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Tue, 11 Feb 2014 02:25:29 GMT
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