Something is seriously wrong with this stock. The price decreased every day last week and will finish down today. It gained only 5 trading days in August and lost value 16 of the trading days. Somebody knows something and is getting out early. If I were smart I would sell but if I do that, I know the stock will recover. Have lost too much to exit now.
Is the China fallout over? Is uncertainty about that mess causing the stock to continually go down? Don't know any other problems other than a general market correction. Seems like its gone down too much. Might be a good entry point if Syria doesn't get worse.
It's below the 50 and 200 day M/A's, however, it is in oversold territory, RSI around 15, so, even though it went on my sell list when it fell 10% from its 52 week high, unless it falls another quarter, I will hang in.
I haven't read anything which would reveal the reason for the plunge.
I am out at $32.90. ABT may be oversold, but there are other stocks to put my money to work.
I may tinker with ZLCS for a quick thirty day trade, not more than thirty days. The potential upside next month looks like it may be great, however, the downside could be worst.
I got burnt once on ZLCS; should have sold at $3.21 when my pps was $1.98, however, I blinked and it is now .78.
Wish me luck as I do all you ABT longs.