Abbott Laboratories stock price (ABT) fell in latest intraday trading, while trying to gather positive momentum that may help it recover and rise anew. The stock benefits from dynamic support due to trading above the 50-day SMA, which prevents further declines, amid the dominance of the main upward trend and trading alongside a short-term rising trend line. We also notice positive signals streaming from the Stochastic.

Therefore we expect the stock to rise in upcoming trading, as long as the support of $130.80 holds on, targeting the pivotal resistance of $141.75.

Todays price forecast: Bullish