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
Note
Got back in at 162.5...playing out so far, stop has moved to 162.5 now
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.