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#5 Abbott Laboratories (ABT)
Health care company Abbott Laboratories (ABT) has been in a bull
market for more than 20 years, however you would have to go to its monthly long-term
chart to see that. ABT is still in a correction down (within its own bull market) with just a couple of positive technical signals on the daily chart.Note the CBR buy signal and a recent buy signal from the stochastic. But also note the CBR buy in November 2008, which signaled a trade but did not
change the overall downtrend. Fundamental analysts like ABT, the stock is in a long-term bull market, and S&P has it on their "Power Picks" buy
list. Now may be the time to buy and hope that the near-term technicals catch up later.To learn more about how to profit using technical analysis, see:
- 10 Tips to Getting Started With Technical
Analysis - Chart Your Way to a Lifetime of Profits
- Using the Relative
Strength Index to Sell at the Right Time
Nick Atkeson and Andrew Houghton are two hedge fund pros who give you the on-the-ground market intelligence that
separates the pros from the pigeons. Let them show you how to double your money twice each month…even in this tough market. - 10 Tips to Getting Started With Technical
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