AbbVie may rise to 187.90 - 191.60

Our pivot point is at 168.1.

Our preference

The upside prevails as long as 168.1 is support.

Alternative scenario

The downside breakout of 168.1 would call for 161.9 and 158.2.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 170.0455 and 166.813).

Supports and resistances

195.5 **

191.6 *

187.9 **

184.2

176.21 (USD-last)

170.5

168.1 **

161.9 *

158.2 **

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