Thermo Fisher Scientific may rise to 635.00 - 648.00

Our pivot point stands at 576.

Our preference

The upside prevails as long as 576 is support.

Alternative scenario

The downside breakout of 576 would call for 555 and 542.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 581.177 and 576.9308).

Supports and resistances

661 **

648 *

635 **

623

594.01 (USD-last)

584

576 **

555 *

542 **

Number of asterisks represents the strength of support and resistance levels.