AbbVie Inc. stock trades under the ticker ABBV & has recently shown bullish behavior that traders & investors should take a closer look into.
ABBV stock closed at $149.25/share on 6/8/2022.
AbbVie Inc. ABBV Stock’s Technical Performance Broken Down
ABBV Stock Price: $149.25
10 Day Moving Average: $148.48
50 Day Moving Average: $155.19
200 Day Moving Average: $132.53
RSI: 46.2
MACD: -1.744
Yesterday, ABBV stock completed a bullish MACD crossover, settling above its 10 day moving average.
Their recent trading volume has been lackluster compared to the prior year, and their RSI is on the oversold side of neutral.
They will need to break out above the $153.07 & $153.71/share resistance levels as they continue to climb higher.
AbbVie Inc. ABBV Stock As A Long-Term Investment
Long-term oriented investors will like ABBV stock’s P/E (ttm) of 21.67, but will find their 16.4 P/B (mrq) to be too high.
They recently reported 4.1% Quarterly Revenue Growth Y-o-Y, with 26.4% Quarterly Earnings Growth Y-o-Y.
Their balance sheet may require a closer examination before investment, with $7.57B of Total Cash (mrq) & $73.65B of Total Debt (mrq).
ABBV stock pays a 3.63% dividend yield, which may not be sustainable in the long-run, as their payout ratio is 76.2%.
70.89% of ABBV stock’s outstanding share float is owned by institutional investors.
AbbVie Inc. ABBV Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit on ABBV stock’s price movements, while hedging against broader market volatility.
I am looking at the contracts with the 6/17 expiration date.
The $145, $148 & $149 call options are all in-the-money & have over 4,172 contracts of open interest between the three strikes.
The $155, $152.50 & $150 puts are also all in-the-money, and are even more liquid than the calls.
Tying It All Together
ABBV stock has many unique characteristics that traders & investors are sure to find appealing.
Investors will like their P/E (ttm) & dividend yield, but may be wise to look further into the sustainability of their dividend payments.
Traders will like their current momentum, along with the liquidity of their options contracts.
Overall, ABBV stock is worth taking a closer look at, to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF ABBV STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***