AbbVie may rise to 178.90 - 182.10

161.9 is our pivot point.

Our preference

The upside prevails as long as 161.9 is support.

Alternative scenario

The downside breakout of 161.9 would call for 156.5 and 153.4.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 163.084 and 163.8098).

Supports and resistances

185.3 **

182.1 *

178.9 **

175.7

168.59 (USD-last)

163.8

161.9 **

156.5 *

153.4 **

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