siddheshmuley1462

$ABBV major support

Long
BATS:ABBV   AbbVie Inc.
ABBV coming into some major support here:

A descending TL from ATH that was resistance before
2 year volume shelf starting at 155
200SMA on daily

waiting to see how it reacts

* long above 160 & hold on daily
* not willing to short it

key points:
* Humira sales declining further as more competition mounts
* Other drug sales increase compensating somewhat for the Humira decline
Commento:
Got back in at 162.5...playing out so far, stop has moved to 162.5 now
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