Healthcare Leader Forming Bull Flag Inside Value Area
Abbott Labs (ABT) shares are forming a bull flag inside of monthly value and closed Thursday back above the YTD VWAP near 112 and has a TTM squeeze coiling for a breakout trigger move above 113.50. The stock has held up quite well during the recent rotation out of healthcare names and a move above monthly value area can see a first target at 115.70 while the next target would be a VPOC at 118.42.
