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Abbott Laboratories : Close to a key resistance level


10.96%
Abbott Laboratories shares are trading close to a resistance zone which currently limits any upside potential. We expect that this level will be broken due to the stock s technical chart pattern.
Investors have an opportunity to buy the stock and target the $ 125.
Summary
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has solid fundamentals for a short-term investment strategy.
Strengths
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
Analysts remain confident with respect to the group s activity and, more often than not, have revised upwards their earnings per share estimates. ....

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