Stock Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
AmerisourceBergen Corp (NYSE:ABC)
Crossroads (+60) - ABC is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ABC?
MarketClub looks at technical strength and momentum to determine if the timing is right for ABC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ABC
The long-term trend has been DOWN since Sep 24th, 2020 at 92.57
The intermediate-term trend has been UP since Sep 28th, 2020 at 97.96
The short-term trend has been UP since Oct 14th, 2020 at 98.99
Smart Scan Analysis for ABC
Based on our trend formula, ABC is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||106.27||Year High Date||2018-01-29|
|Year Low||77.28||Year Low Date||2018-08-02|
|52wk High||106.45||52wk High Date||2020-08-05|
|52wk Low||72.0583||52wk Low Date||2020-03-23|
|Year End Close||43.18||Average Volume||925,486|
|Shares Outstanding||204,142||Short Interest||8,383,125|
|% Institutional||93.7||Market Cap||18,288M|