AbbVie may rise to 170.40 - 173.80

Our pivot point is at 153.3.

Our preference

Short term rebound towards 170.4.

Alternative scenario

The downside breakout of 153.3 would call for 147.5 and 144.2.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 161.9885 and 168.3378).

Supports and resistances

177.3 **

173.8 *

170.4 **

166.9

158.26 (USD-last)

155.6

153.3 **

147.5 *

144.2 **

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