Technical Analysis for ABC - AmerisourceBergen Corporation (Holding Co)
|Grade||Last Price||% Change||$ Change|
ABC closed down 0.03 percent on Wednesday, March 22, 2017, on 57 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
Trend Table & Recent Alerts
|Weak or Absent||Up||Down||Down|
|See historical ABC trend table...|
|Date||Alert Name||Type||% Chg|
|Mar 22||NR7||Range Contraction||0.00%|
|Mar 22||Lower Bollinger Band Walk||Other||0.00%|
|Mar 21||Lower Bollinger Band Walk||Other||-0.03%|
|Mar 20||Lower Bollinger Band Walk||Other||-1.19%|
|Mar 17||Fell Below 50 DMA||Bearish||-1.89%|
|Mar 16||50 DMA Support||Bullish||-2.41%|
|Mar 16||Stochastic Reached Oversold||Other||-2.41%|
|Mar 13||NR7||Range Contraction||-3.66%|
|Mar 13||Stochastic Buy Signal||Bullish||-3.66%|
|Mar 13||Lower Bollinger Band Walk||Other||-3.66%|
Get this analysis on your stocks daily!
Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio.
AmerisourceBergen Corporation, a pharmaceutical services company, provides drug distribution and related healthcare services and solutions to pharmacy, physician, and manufacturer customers primarily in the United States and Canada. The company distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers. It also offers pharmacy automation, inventory management, reimbursement and pharmaceutical consulting, staffing, logistics, and pharmacy management services to healthcare providers and pharmaceutical manufacturers. In addition, the company provides scalable automated pharmacy dispensing equipment, medication and supply dispensing cabinets, and supply management software to various retail and institutional healthcare providers. Further, it offers pharmaceutical distribution and other services to physicians, who specialize in various disease states; distributes plasma and other blood products, injectible pharmaceuticals, and vaccines; and provides third party logistics, reimbursement support programs, outcomes research, contract field staffing, patient and copay assistance, adherence programs, risk mitigation, and other market access programs and services to pharmaceutical and biotechnology manufacturers. Additionally, the company delivers packaging solutions to institutional and retail healthcare providers. It operates through a network of distribution service centers and other operations. AmerisourceBergen Corporation was founded in 1985 and is headquartered in Chesterbrook, Pennsylvania.
Is ABC a Buy, Sell or Hold?
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more ABC news...
|52 Week High||94.12|
|52 Week Low||67.78|
|200-Day Moving Average||82.454|
|50-Day Moving Average||88.0764|
|20-Day Moving Average||89.477|
|10-Day Moving Average||87.858|
|Average True Range||1.6067|
|Chandelier Exit (Long, 3 ATRs)||87.9899|
|Chandelier Exit (Short, 3 ATRs)||90.0401|
|Upper Bollinger Band||93.5878|
|Lower Bollinger Band||85.3662|
|Percent B (%b)||0.06|