Thermo Fisher Scientific may rise to 665.00 - 681.00

Our pivot point stands at 589.

Our preference

As long as 589 is support look for 665.

Alternative scenario

Below 589, expect 563 and 547.

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 605.031 and 573.8192).

Supports and resistances

697 **

681 *

665 **

650

610.17 (USD-last)

599

589 **

563 *

547 **

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