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Afternoon Alert: AbbVie lifts 2.4% on robust volume 18 October 2017 13:06 EDT

NEWS BITES - NORTH AMERICA

AbbVie Inc. (NYSE:ABBV) traded on heavy volume of 1.4 times average so far today while the price lifted $US2.24 (or 2.4%) to trade at $US94.41.

Current indications of bullish signals that support the trend in the unusual trading:

+ The positive 2.75 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 92% of the NYSE market over the past 6 months.

+ In the last one month the stock has hit a new 52-week high five times and in the last three months seventeen times, pointing to a significant uptrend.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Dividend yield of 3.2% [0.7%]

+ Return on Capital Employed 14% [9.1%]

+ Return on Assets 9% [7.2%]

Other Bullish Signals include:

+ Net profit margin has averaged 18.2% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ Net Profit margin is positive and has seen consecutive rises in recent quarters.

Note

Bearish Signals:

Tobin's Q Ratio is 2.3. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Overbought/Bearish:

The 0.1% discount to 12-month high of $US94.46 against the 71.5% premium to 12-month low of $US55.06 suggests the climb might be peaking.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Sales of 5.6 [1.8]

Price/Earnings of 23.0 [19.2]

AbbVie Inc. (N:ABBV)

ISIN: US00287Y1091

PermID: 4297709941

CIK: 1551152

CUSIP: 00287Y109

Source: www.BuySellSignals.com