Abbott Laboratories (ABT) stock declined slightly in its latest intraday trading, as negative signals appeared in the Stochastic indicators after previously reaching extremely overbought levels. The stock is attempting to gain positive momentum that may help it recover and rise again, supported by dynamic backing from trading above its previous 50-day SMA, while the main bullish trend remains in control, with trading moving along both major and minor upward slope lines that support this path.

Therefore, we expect the stock to rise in its upcoming trading, as long as it remains stable above 130.30, to then target the key resistance level of 139.00.

Todays price forecast: Bullish.