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AbbVie (ABBV) Now Trades Above Golden Cross: Time to Buy?
AbbVieAbbVie(US:ABBV) Zacks Investment Research·2024-01-09 00:18

AbbVie Inc. (ABBV) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ABBV's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. Typical ...