Abbott Laboratories Swing Trade opens
SHARES
Mert Meral
1 min read
We opened a swing trade on ABT and entered with 1/3 at $115.46. Our TPs are at 118 and 120.
ABT is relatively well supported in the 105-110 range and there is also interest in this stock in the 120-125 range.
Our swing trades are shorter in nature, where we only want to trade a bounce. Our time frame is somewhere between 5 days and 5 weeks. The trade is rarely converted into a position trade. Since the volatility in the market is (still) very low and we are still expecting a slight year-end rally, we want to wait and see how this stock develops in the next few days and weeks, time will tell.