AbbVie may rise to 207.50 - 211.90

186.5 is our pivot point.

Our preference

The upside prevails as long as 186.5 is support.

Alternative scenario

The downside breakout of 186.5 would call for 179.2 and 174.8.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 186.148 and 176.1068).

Supports and resistances

216.2 **

211.9 *

207.5 **

203

193.9 (USD-last)

189.4

186.5 **

179.2 *

174.8 **

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