Stock Of The Day: AbbVie's Rally Looks Stretched — Could A Reversal Be Next?

AbbVie Inc. ABBV is trading higher Tuesday. The stock has been in an uptrend. In the past week, it has gained more than 12%.But now it is overbought. This could draw sellers into the market and they could pressure AbbVie lower. Benzinga’s team of technical analysts has made it the Stock of the Day.Overbought refers to the momentum of a stock. Most of the time it will stay in its normal or average trading range. If it is aggressively bought and gets above this range, traders will say that it is overbought.Th ...