ABT — 60 Seconds Read

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ABT — 60 Seconds ReadAbbott LaboratoriesBATS:ABTTradeSentinelApp 1️⃣ What do we see? ABT has broken sharply above its EMA8, SMA20, SMA50 and SMA100 on strong volume. Relative strength is bullish and improving, and price reached a new three-month high. The move is real, but volatility is extreme and the declining SMA150 remains above price near $103.70. 2️⃣ Thesis This is an early momentum relaunch inside an unfinished long-term trend repair. The bullish thesis remains valid while ABT holds the $95–$96 breakout and SMA100 area. 3️⃣ What validates the thesis? A controlled hold above $99–$100, continued RS leadership, stabilization of volatility and acceptance above the SMA150 near $103.70 would confirm that the breakout is becoming a durable trend. 4️⃣ What invalidates the thesis? A close below $95 with expanding downside volatility invalidates the immediate relaunch. A breakdown below approximately $89–$90 with RS deterioration invalidates the broader structural-repair thesis.