AbbVie may rise to 182.10 - 186.00

Our pivot point is at 162.8.

Our preference

The upside prevails as long as 162.8 is support.

Alternative scenario

The downside breakout of 162.8 would call for 156.2 and 152.4.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 161.702 and 164.7974).

Supports and resistances

189.9 **

186 *

182.1 **

178.2

169.42 (USD-last)

165.3

162.8 **

156.2 *

152.4 **

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