AbbVie is on the Verge of a Breakout

This post was originally published on this site

Take a look at the 1-year chart of AbbVie (ABBV) below with my added notations:

Over the past few months, ABBV has stalled at $118 as resistance (red) multiple times, while also forming a possible trendline of support (green). Together, these two lines have created an ascending triangle pattern.

Continue reading on StockNews