Wednesday, March 28, 2018 11:16:05 AM
AbbVie Inc (NYSE:ABBV) is a leading biotechnology stock that peaked in January at $125.86 a share. Since that pivot top in the stock price the shares have tumbled. Today, ABBV stock is trading around the $93.00 level. Traders should note that ABBV shares tested the important 200-day moving average yesterday and the stock is holding above it so far. Should the stock break below this key support level it will signal a further decline in the near term. The next key support level for ABBV stock is going to be around the $82.00 level. This is where the stock broke out in September 2017. Often, prior break-out levels will be solid support when retested.
Nicholas Santiago
InTheMoneyStocks
Recent ABBV News
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
