Thermo Fisher Scientific may rise to 653.00 - 669.00

579 is our pivot point.

Our preference

As long as 579 is support look for 653.

Alternative scenario

The downside breakout of 579 would call for 553 and 537.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 588.098 and 570.1164).

Supports and resistances

684 **

669 *

653 **

637

604.21 (USD-last)

589

579 **

553 *

537 **

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