Technical Look (MO, WMT, ABT)

Let's take a look at the technical of three dividend achiever stocks. They are Abbott Laboratories(ABT), Altria Group Inc (MO), and Wal-Mart Stores, Inc. (WMT). Let's get to it.

Abbott Laboratories (ABT)

• 8.38% above the 52wk low
• 3.6% yield
• 12.97 P/E

The pattern I wanted to show is the "head-and-shoulders bottom" pattern. Abbott didn't participate much during the March low rally.

Altria Group Inc (MO)

• 20.01% above the 52wk low
• 7.5% yield
• 11.63 P/E

The pattern above is called the "Ascending Triangle". One thing to note is that the stock is substantially high off the low.

Wal-Mart Stores, Inc. (WMT)

• 9.86% above the 52wk low
• 2.1% yield
• 14.94 P/E

Wal-Mart is in rising pattern, except it is rising from a low level (see green line).

All three companies are great blue-chip companies with great technical patterns. During the rally off the March low bottom, many quality names didn't participate as the traders placed their bets on lower quality names. These three companies will be worth watching as the market decide which way to move.

Art