AbbVie Stock: Is it really the best dividend paying value stock in 2020? [Video]

Kiana Danial, CFP Invest Diva

AbbVie Stock Analysis: Is it Overrated?

Many Wall Street investors have ranked Abbvie in the top 10 value stocks among the best dividend stocks 2020. The Abbvie stock erased the COVID-19 related losses on June 9th, 2020. Now the question is, what’s next for this stock in terms of price.

AbbVie Stock Price - Technical Analysis

The AbbView Stock price (ABBV) has once again hit the 61% Fibonacci resistance level of $97. A pullback here could indicate a formation of a double top bearish reversal chart pattern.

The price remains above the daily Ichimoku cloud. The support levels could be an optimal buying price for those who are looking to add the AbbVie stock to their portfolio. The key support levels are 87, 79 and 68.

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Kiana Danial, CFP

Invest Diva

Kiana Danial is an award-winning, internationally recognized personal investing and wealth management expert.

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