Thermo Fisher Scientific may rise to 621.00 - 632.00

Our pivot point is at 567.

Our preference

As long as 567 is support look for 621.

Alternative scenario

The downside breakout of 567 would call for 548 and 538.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 583.8115 and 576.4326).

Supports and resistances

643 **

632 *

621 **

610

584.05 (USD-last)

574

567 **

548 *

538 **

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