AbbVie may rise to 203.50 - 206.40

Our pivot point is at 188.3.

Our preference

As long as 188.3 is support look for 203.5.

Alternative scenario

The downside breakout of 188.3 would call for 183.5 and 180.6.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 194.255 and 193.6816).

Supports and resistances

209.3 **

206.4 *

203.5 **

200.5

194.75 (USD-last)

190

188.3 **

183.5 *

180.6 **

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