ABT: Abbott Laboratories Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : ABT: Abbott Laboratories

ABT 124.51

-1.7%

3:59 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: HerbVic	10/13/2001 9:50:46 PM
	Read Replies (1) of 33

I'm not a chart technician, but if I were I would say that it looks like ABT is getting set up for a break-out to the upside. The six month chart shows a classic head and shoulders forming with the stock, on the edge of the second shoulder, ready to break out of the current pattern. Although it could break to the downside, the upside seems more likely based on fundamentals. A market rally could pull safe haven money from ABT causing the downside, but the rally is well under way with no appreciable effect. The Knoll acquisition has yet to be fully priced in, IMHO. Recognition of the expanded revenue base and clearance of some litigation hurtles should bode well for a higher stock valuation. HerbVic

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next