We’re very excited to present our Squeeze Engine, one of the main tools that powers the success of Breakout Multiplier.
After a historic momentum surge, healthcare stocks have been cooling off and digesting gains.
With momentum now reset and trends still pointing higher, we’re starting to see fresh coils develop across the space.
Here’s today’s standout:
Abbvie Inc $ABBV is currently exhibiting a Squeeze Score of 97.8 and a tight Long-Term Score of 94.2.
Here's what the chart looks like:
ABBV is coiling in a tight symmetrical triangle, continuing the steady stair-step higher that has defined its uptrend.
As long as price holds above the all-time high AVWAP, the stock can continue pressing against the upper bounds of the pattern, potentially triggering a breakout.
