Abbott Laboratories stock trades under the ticker ABT & has shown recent bullishness that traders & investors should take a closer look into.
ABT stock closed at $106.99/share on 9/8/2022.
Abbott Laboratories ABT Stock’s Technical Performance Broken Down
ABT stock Price: $106.99
10 Day Moving Average: $103.62
50 Day Moving Average: $107.90
200 Day Moving Average: $117.47
RSI: 52.09
MACD: -1.333
Yesterday, ABT stock completed a bullish MACD crossover, closing under its 50 day moving average.
Their recent trading volumes have been about average for the last year, and their RSI is neutral, signaling that there may be more momentum to come in the near-term.
They have support at the $104.17 & $103.76/share price levels, as they try to break out above the $109.79 & $109.98/share resistance levels.
Abbott Laboratories ABT Stock As A Long-Term Investment
Long-term oriented investors will like ABT stock’s 21.4 P/E (ttm), but may find their 4.92 P/B (mrq) to be a bit too rich.
They recently reported 10.1% Quarterly Revenue Growth Y-o-Y, with 69.7% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough review, with $9.29B of Total Cash (mrq) & $16.84B of Total Debt (mrq).
ABT stock pays a 1.78% dividend, which appears stable in the long-term, as their payout ratio is 38.41%.
75.91% of ABT stock’s outstanding share float is owned by institutional investors.
Abbott Laboratories ABT Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from ABT stock’s price movements, while protecting their portfolio from volatility.
I am looking at the contracts with the 9/16 expiration date.
The $106, $105 & $103 call options are all in-the-money, listed from most to least liquid strike.
The $110, $107 & $108 puts are also all in-the-money, with the former having more interest than the latter.
Tying It All Together
ABT stock has many interesting characteristics that traders & investors are sure to find appealing.
Investors will like their dividend yield & recent growth metrics, but may want to look deeper into their balance sheet.
Traders will like their recent technical performance, as well as the liquidity of their options.
All-in-all, ABT stock is worth taking a closer look into to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF ABT STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***