ABBV Coils in TTM Squeeze at $229.98, Breakout Imminent
NeutralAbbVie Inc (ABBV) traded flat at $229.98 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($227.58) with a bullish stack. The 21-day EMA at $226.56 provides support.
Momentum
RSI at 51.3 is in neutral territory but trending higher. MACD is bullish (0.14 vs signal -0.56).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.