AbbVie may rise to 211.40 - 216.00

190.3 is our pivot point.

Our preference

The upside prevails as long as 190.3 is support.

Alternative scenario

The downside breakout of 190.3 would call for 182.9 and 178.4.

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 trading above both its 20 and 50 day moving average (respectively at 190.8065 and 178.9314).

Supports and resistances

220.5 **

216 *

211.4 **

207.1

197.55 (USD-last)

193.3

190.3 **

182.9 *

178.4 **

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