4ABBV trade ideas
ABBV: Ex-Dividend Put Play for 7/12 ONLYHi All,
I am testing this Ex-Dividend Put Play after a huge success in doing AT&T (T) dividend play.
ABBV is to distribute $1.07 as a dividend, and on the ex-dividend date, that much will be subtracted from the share price.
ABBV closed at $71.24 and subtracting $1.07, let's hope that tomorrow, it will open around $70.17 without calculating other factors.
If this goes as a success, I will try to post more ex-dividend put plays so you all can join at your own risk.
Investors see the upside to Allergan deal, Bullish above $77As usual once a deal is announced the acquirers stock price automatically drops, then those that sold realise that the company knows more than them and the acquisition is actually beneficial, thus the price shoots back up. Currently old support is acting as resistance but we think not for long and a break above will be very positive in the near term, providing a nice long trade opportunity.
Alerts set for break of $77 in anticipation of strong move to $87 target.
Remember that Botox brings big $$$$$.
Can we recover from a recent fall and hold $70?Despite the fact that stock went below $70 for a while, it was all quickly bought back above $70. Now it's important to hold this level and confirm the continuation of the main trend. I'm going to build a position in the range of $70-75. NO SL, Long-term only.
ABBV: Swing trade opportunityABBV took a sharp dip with the recent news, but at the end of the day, they will just grow bigger. From a technicial analysis stand point, ABBV remains ina decending wedge, even with the sharp decline in price. Lower risk entry would be confirmed brakeout above the wedge. I may be interested in a swing trade between the .786 and .382 fibs. This could potentially yield a 35-45% profit.
ABBV Sell Vacuum - Understanding Climaxes and VacuumsABBV is selling off this week in a third leg down from the buy climax and all time high. Although it looks strong at first glance, this is more likely a sell vacuum (sell climax) than the start of a strong bear breakout. A vacuum is created when strong bulls step aside and wait for prices to reach a location they want to buy, and the strong bears continue to hold for the same price level (and some continue to sell). This creates a temporary one sided market. This sell off is likely a test the previous converging triangle, and middle of the trading range preceding the bull breakout. The bulls will look to form some sort of double bottom which could be a failed breakout below the 60 or 50 lows, or an actual double bottom. If there is a reversal up next week, it would form a parabolic wedge bull flag, bears will look to take profits and bulls will look to re-establish longs. If instead there is continued selling and a strong breakout below the 50 low, the bears will likely get a test of the opening tight trading range around 40.
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Trade for the Week ending on 5/175/17 week trade strategy for ABBV, short position 2 potential closes varying risk
ABBV : Short term and Medium Term view.As per my wave analysis, it looks like it will go down to 65-70 levels. But once this down move is completed, we can expect a good UP move to around 110-120 levels.
$ABBV ABBVIE INC poised to move higherABBVIE INV has had a considerable sell off but has finally stemmed the tide of negative price action. A nice double bottom reversal has created some support for a move higher we need to see a break of $84 then rally to the falling 200ma at $88 where we can reassess.
ABBV - breakout or going nowhere?NYSE:ABBV has fallen from grace after a monster performance in 2017. 2018 and the most recent earnings report disappointed but the dividend and technical position have me leaning bullish.
Let's see!
ABBVIE weekly reversal off supportAfter moving 40% down from ATH's has abbv found support on this slope support & 61.8% retrace?
4h levels show the channel structure in place. First test to upside comes at $82.5 which has been key pivot level.
ABBV Rally?Hopefully, my 5 years of technical analysis trading will help me be correct on this. If I'm lucky it will run to the gap and I'll sell my weekly calls at the red line for a massive profit.
ABBV - will it break down?Abbv healthcare sector, is on a major upward trend
the secondary trend is downward
we see a double bottom at 77.5 which is a support area for now..
it has stopped at moving average 200
following it for a short play after an approval candle.
will it break the resistance area with the help of the market?
earnings - 29 april
this is not a recommendation,
as always, I'm open for a feedback..
