Abbott Laboratories
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$ABT Cup and Handle Pattern Formation on Daily

310
Sentiment: Bullish

Reasons: Technical Analysis & News Catalyst

News has just been released that ABT has been approved by the U.S to begin working on a 5$ rapid COVID-19 antigen test. I find this to be huge considering the inconvenience in searching for a COVID testing facility in certain places in the U.S as well as the discomfort associated with the actual process. In addition price action is just nice if Im being honest. It has underwent a long series of consolidation and converging trendlines and is due for a breakout.

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