Doubling Up on the Pharmaceuticals Sector

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world.

Biotech and pharmaceutical stock have broken out to the upside over the past week or so.

This is perhaps most visible by the 13.15% gain recorded in your AbbVie (ABBV) shares over the past five days.

This week’s new Momentum Trader Alert recommendation is another closely related stock in this red hot sector: Abbot Laboratories (ABT).

Founded in 1888 and headquartered in North Chicago, Illinois, Abbot Laboratories (ABT) is a global health care company that develops a wide range of health care products and technologies. The company has a portfolio of leading, science-based offerings in diagnostics, medical devices, nutritional and branded generic pharmaceuticals.

Abbott Laboratories (ABT) versus the S&P 500 year to date

Momentum Trader Alert Analysis

Recommendation

Buy Abbott Laboratories (ABT) at market today and place your stop at $48.00.

I am holding off on recommending any options on this position after last Friday’s big jump.

Portfolio Update

Sell your remaining AbbVie (ABBV) November $70 calls for a 413% gain.

Raise your stop in ABBV’s stock to $83.80 to lock in at least a 20% gain.

Sell your remaining Intuitive Surgical, Inc. (ISRG) October $920 calls for a triple-digit-percentage gain.

Raise your stop in ISRG’s stock to $1,010.00 to lock in at least a 15% gain.

Raise your stop in CBOE Holdings Inc. (CBOE) to $101.05 to lock in at least a 10% gain in the stock.

You were stopped out of United Technologies (UTX) last week at a loss.

Sincerely,

Nicholas Vardy

Nicholas A. Vardy

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