5 Top-Notch Technical Trades

Jul 30, 2009, 6:28 am EST | By Sam Collins, Chief Technical Analyst, InvestorPlace

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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.

See 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.

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Five Top-Notch Technical Trades

Jul 30, 2009, 1:29 am EST | By Sam Collins, Chief Technical Analyst, InvestorPlace

Technical Trade #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.

abbott laboratories stock, ABT
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