Open buy signal, trade up more than 12%
Abbott stock: +2.6% this week, the trade climbs above 12% with the stop at breakeven
Open buy signal, trade up more than 12%
Our view last week
Abbott's rebound off the double bottom in the 87 area has pushed the stock right up against its 7-day high, the level that would unlock a breakout toward the 104 area: the week closed up 2.4%, but with a mixed rejection candle and daily money flow still negative despite 58% of volume on the buy side. The buy signal is in its fourth week, with the trade already up 9.5% and the stop moved to breakeven.
This week's summary
Abbott stock closes the week up 2.6%, but the candle still raises doubts: the body is building, yet the last session was weak and sellers slightly prevailed, the same mixed picture as last week. The buy signal is in its 5th week, the trade is above 12%, and the stop is already at breakeven: risk is off the table, with wide room above and no nearby historical resistance.
IQS Phase
65
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#70 / 120
US stocks in progress
Trade P&L %
+12.30%
from signal to date, no stop loss
Rank position
ranks 70th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein positive regime
Performanceweekly -0.01% · monthly +1.89%
ABT belongs to the health care sector (reference ETF XLV). The sector is classified in positive regime according to our weekly reading.
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