Abbott Laboratories: double bottom and breakout — week 1 of a buy signal

Abbott Laboratories enters a new buy signal at week 1. The stock built a solid double bottom in the 85 area — 2 distinct lows, a 6% rebound in between — before breaking above the 7-session high: that is where the signal triggers. The healthcare sector (XLV) is running hard, up over 7% last week. A steady operational profile, medium conviction: a balanced case, best approached with caution.