6 Stock Charts to Watch After the S&P 500′s New High

These stocks could have some meaningful upside in a rally

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6 Stock Charts to Watch After the S&P 500′s New High

Stock Charts to Watch: AbbVie (ABBV)

abbv 300x173 6 Stock Charts to Watch After the S&P 500s New High
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Sanofi isn’t the only healthcare stock poised to move higher in a rally. AbbVie (ABBV), the pharmaceutical concern that was spun out of Abbott Laboratories (ABT) in 2012, has attempted — and failed — to get through the $54 barrier on multiple occasions in the past year.

At Friday’s close of $53.95, ABBV stock is again set to make a run at this resistance point. The stock has run up quickly from $46 in just a little more than a month, which might cap the additional upside on a breakout, but the strength of this resistance indicates the potential for a quick $2 to $3 move.

Also keep an eye on Abbott itself, which is near resistance of its own in the $40 to $41 range.


Article printed from InvestorPlace Media, http://investorplace.com/2014/05/6-stock-charts-to-watch-sp-500/.

©2014 InvestorPlace Media, LLC

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