Thermo Fisher Scientific may rise to 657.00 - 672.00

Our pivot point stands at 582.

Our preference

As long as 582 is support look for 657.

Alternative scenario

Below 582, expect 557 and 542.

Comment

The RSI is above its neutrality area at 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 605.2885 and 576.4134).

Supports and resistances

687 **

672 *

657 **

642

610.4 (USD-last)

592

582 **

557 *

542 **

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