ABT is showing a classic Falling Wedge. Don't miss the move.
Reversal pattern. Price likely to break upwards.
Traders are watching Abbott Laboratories (ABT) as price action tightens. With a last close of $101.05, volatility remains active (0.36%). The primary technical feature is a Falling Wedge formation. The trend indicator is reading 24.9/100, suggesting moderate momentum. A potential breakout level is identified at $103.84, targeting $114.43 with support near $99.05 (R:R 2.21).
What is your outlook on ABT?