AbbVie may rise to 188.30 - 192.20

Our pivot point stands at 165.8.

Our preference

The upside prevails as long as 165.8 is support.

Alternative scenario

The downside breakout of 165.8 would call for 159.5 and 155.7.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 169.5815 and 165.7902).

Supports and resistances

196.1 **

192.2 *

188.3 **

184.5

171.14 (USD-last)

168.2

165.8 **

159.5 *

155.7 **

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