Bullish Momentum Grows: ABBV

January 24th, 2024 Bullish Momentum Grows: ABBV A great potential trade opportunity just popped up and I wanted to get it to you as quickly as possible. The ticker is ABBV. While it might be tempting to jump in and just go buy shares, I am going to explain why it is a good set up and how options offer a great way to leverage this potential move. AbbVie (ABBV) has become one of the top-most pharma companies after it acquired Allergan. The deal has transformed AbbVie’s portfolio by lowering its dependence on Humira, its flagship product. AbbVie has one of the most popular cancer drugs in its portfolio, Imbruvica and its newest immunology drugs Skyrizi and Rinvoq position it well for long-term growth. 📘Embark on an exciting exploration of options trading! Dive into Chuck Hughes’ [free ebook](, uncovering a step-by-step blueprint to potentially earn income from the stock market. Don’t miss this opportunity to level up your trading skills! Technical Signaling Buy? Take a look at the chart below. ABBV’s 24/52 Day MACD is trading above the 18-Day EMA which is a technical buy signal and it also means the stock’s bullish rally will likely continue. Because of this let’s look at a call option position for ABBV which will allow us to increase the profit potential of our trade. Let’s dive into the trade analysis using our Hughes Optioneering Calculator pictured below. For this specific call option, the calculator analysis below reveals if ABBV stock increases 5.0% at option expiration to 175.88 (circled), the call option would make 60.1% before commission. If ABBV stock increases 10.0% at option expiration to 184.25 (circled), the call option would make 133.0% before commission and outperform the stock return more than 13 to 1*. The leverage provided by call options allows you to maximize potential returns on bullish stocks like ABBV. The prices and returns represented below were calculated based on the current stock and option pricing for ABBV on 1/23/2024 before commissions. If you like being able to determine these potential outcomes with a couple clicks, check out one of our trading services [here]( to gain access to our calculators. Keep an eye on your inbox for other set ups and the insight to why they are worth digging into. Wishing You the Best in Investing Success, Chuck Hughes Editor, Trade of the Day Have any questions? Email us at [dailytrade@chuckstod.com]( *Trading incurs risk and some people lose money trading.  --------------------------------------------------------------- See Related Articles [Costco’s Bullish Run: Time to Buy?]( [‘Buy’: Boise Cascade Breaks Higher]( [Is CRM’s Bullish Run Just Starting?](  --------------------------------------------------------------- [TradeWins Logo](  © 2024 Tradewins Publishing. All rights reserved. | [Privacy Policy]( | [Terms and Conditions]( | [Contact Us]( If you didn't create an account using this email address, please ignore this email or unsubscribe using the link below. To ensure delivery of this email to your inbox and to enable images to load in future mailings, please add [todaystrade@chuckstod.com]( to your e-mail address book or safe senders list. DISCLAIMER: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by Legacy Publishing LLC. For additional information on auto-trading, you may visit the SEC's website: All About Auto-Trading. The information provided by the Legacy Publishing LLC (“Legacy”) Trading Services, newsletters and educational publications (“Services”) is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by Legacy a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. Past performance is not necessarily indicative of future results. Please note that results may not be typical and can vary from person to person. There are inherent risks involved with investing in the stock and options market, including the loss of your investment. Any investment is at your own risk. You should only trade or invest your "risk capital" – money you can afford to lose. This email was sent to {EMAIL} by todaystrade@chuckstod.com TradeWins Publishing Corp.528 North Country Rd.St. James, NY 11780 [1-Click Unsubscribe]( | [Edit Profile]( | [Manage Subscriptions]( | [Report Spam](