AbbVie ABBV Stock & Option Trade Ideas

Based on the technical data for ABBV, the stock is currently in a bearish trend. The MACD line is consistently below the signal line, indicating downward momentum, and the RSI has been trending downwards, suggesting the stock may be oversold.

Given the bearish trend, here are potential stock and option trading strategies for ABBV:

Stock Trading Strategy:

Considering the bearish trend, one strategy could be to short sell ABBV stock. Short selling involves borrowing shares from a broker and selling them at the current market price, with the aim of buying them back at a lower price in the future to make a profit.

Option Trading Strategy:

For option traders, a bearish strategy like buying put options could be considered. Put options give the holder the right to sell the stock at a specified price within a certain timeframe. This strategy allows traders to profit from a potential decline in ABBV stock price.