Abbott Labs - Chart Of The Day

The Chart of the Day belongs to the global healthcare company Abbott Laboratories (ABT).  I found the stock on Barchart's New All-Time High list, then used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 11/9 the stock gained 11.55%.

Abbott is a global healthcare company devoted to improving life through the development of products and technologies that span the breadth of healthcare. They have a portfolio of leading, science-based offerings in diagnostics, medical devices, nutritionals and branded generic pharmaceuticals.

ABT Abbot Laboratories

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 8% technical buy signals
  • 23.96+ Weighted Alpha
  • 31.59% gain in the last year
  • Trend Spotter by signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 20.64% in the last month
  • Relative Strength Index 69.11%
  • Technical support level at 92.43
  • Recently traded at 95.87 with a 50 day moving average at 81.83

Fundamental factors: (Do not rely on these numbers as some of the analysts projections may not have been updated since the beginning of the crisis)

  • Market Cap $169 billion
  • P/E 28.07
  • Dividend yield 1.50%
  • Revenue expected to be up next year by 11.60%
  • Earnings estimated to increase 28.80% next year and to continue to compound at an annual rate of 9.95% for the next 5 years
  • Wall Street analysts have 7 strong buy, 6 buy and 7 hold recommendations in place
  • The individual investors following the stock on Motley Fool voted 2,443 to 98 that the stock will beat the market

Disclosure: None.

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