Thermo Fisher Scientific may rise to 650.00 - 666.00

565 is our pivot point.

Our preference

The upside prevails as long as 565 is support.

Alternative scenario

The downside breakout of 565 would call for 539 and 524.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 577.667 and 567.5386).

Supports and resistances

682 **

666 *

650 **

634

587.37 (USD-last)

575

565 **

539 *

524 **

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