AbbVie (ABBV) technical analysis March 5, 2015

Although the price of ABBV shares has retreated significantly from the all-time record ($70) that dates back to December 2014, the succession of higher highs and higher lows during the last years demonstrates an uptrend. There is short-term support @ 58.55, 57.75 and 57. A close below the February low @ 55.20 would damage the longer-term technical picture. The confluence of the 50-day and the 100-day SMAs @ 62 may be a serious resistance.

ABBV daily chart (2 years):

abbv

Chart courtesy of http://www.StockCharts.com

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