Technical Analysis for ABC - AmerisourceBergen Corporation (Holding Co)

Grade Last Price % Change $ Change
grade C $85.88 -0.03% -0.03
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.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
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%

Older signals for ABC ...

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Basic chart:

Profile
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
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 94.12
52 Week Low 67.78
Average Volume 2,087,196
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
ADX 20.79
+DI 12.97
-DI: 24.06
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
Bandwidth 0.091885