Note: I’ll be out of the office late Thursday and Friday, so no report on Friday, nor Video Thursday or Friday, but all will resume Monday. Have a nice weekend!

The video in this report is only accessible to members
The video in this report is only accessible to members
Abbott Labs ($ABT- $106.21)  Attractive to buy following a 21% decline over the last seven months as it’s thought that $ABT has started its stabilization process and should begin a rally back higher in the near future.  At present, a short-term downtrend from late December remains intact which has held two of ABT’s recent rally attempts.  Overall, it’s important to relay that while $ABT has declined over 20% in recent months, the stock has only given back 38.2% of its rally from late 2016, a key Fibonacci level that’s thought to be very good support.  Key level to exceed lies at $112 and getting over this would suggest this decline has run its course.  On the downside $101 is important to hold on pullbacks, as below would have little real support until near $90, which is the 50% retracement of the stock’s five-year uptrend.  Bottom line, $ABT remains in a very attractive sector, and it’s difficult to view recent weakness as anything more t...

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