Schwab Network on $ABBV (Nov 6, 2026)
ABBV rose 68% in five trading days after earnings and its buyback; the speaker expected gains to be sold by the second or third day, but buyers stayed in control, with no selling at the gap and the stock up 8% in one day. He is very optimistic and calls it one of the few bright lights.
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But let's take a look at your first choice, because the move in AbbLovén's stock this week has been amazing by any measure, especially in light of what we've seen in the markets more broadly.
In just the last 5 trading days, the stock has risen by 68% following its earnings and its really important share buyback announcement.
What surprised me somewhat about "Up", to be honest, was seeing the reaction to the earnings. I said to myself, Wow, what a great reaction. I expected that by the second or third day, a substantial and tangible portion of those gains would be sold.
I expected that there were people, you know, who took advantage of that price gap, and the trading rule I use says: when the gap occurs, sell at the gap. I expected the second day to see some selling pressure, and especially now that we are heading into the third day, I really didn't expect to see this stock in the green, let alone up by 8 % in one day.
So, something we're always looking for, especially in short-term trading, which is what I do , whether it's day trading or swing trading, is that we're looking for those strong stocks that defy the general trend and don't do what everything else does.
Especially when I saw this morning that he was maintaining the entire upward profit gap. I said, "Wow, it's clear that buyers are in control here." So, this is one of the few bright lights.
As I mentioned, I think we will see this in the coming months, as some other stocks begin to announce their earnings. But I am very optimistic because we have not seen any selling at the price gap, as I usually say.