Buy signal in its 8th week, most of the capital already protected
Abbott: all 3 targets of our most advanced model already hit, now it's about managing the trade
Our view last week
Abbott stock closes the week up 3.2% and returns to a level already reached in the 110 area, with no session pushing it back yet: for now the move continues. Compared with last week the cracks are widening a touch - weekly volume contracting, mixed rejection candles - while the breakout trigger sits just above, in the 112 area. The buy signal is in its 7th week, and the trade is running above 18% since entry, with the stop already at breakeven.
This week's summary
Abbott's buy signal has been running for 8 weeks and is up more than 23%. All 3 targets of our most advanced model have already been hit, but the management path continues through week 10. The weekly picture stays bullish, though a few cracks are widening - contracting volume, mixed rejection candles - while the daily chart keeps building higher lows. The healthcare sector is providing a tailwind, but signal strength has faded: the desk recommends managing the trade with discipline.
IQS Phase
78
in tension
Signal Strength
35
medium · weak
Sizing
REDUCED
Ranking
#127 / 167
US stocks in progress
Trade P&L %
+23.93%
from signal to date, no stop loss
Rank position
ranks 127th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 35 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein strong phase
Performanceweekly +4.33% · monthly +9.53%
ABT belongs to the health care sector (reference ETF XLV). The sector is classified in strong phase according to our weekly reading.
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