AstraZeneca: Uptrend Could Continue |


If we look at the AstraZeneca (NASDAQ:) weekly chart, we can see it bouncing from £9,250 its support level twice this week, steadily building up momentum and moving towards £9,500. Its last traded price was £9,433 with overhead resistance at £9,500.

AstraZeneca had scheduled a third-quarter on Nov. 12. If earning expectations are surpassed, we expect the price to move towards the £9,500 price range.

If however, it doesn’t manage to hold above the current price range of £9,433 then the stock could head below the £9,250 support level.

AstraZeneca price chart.
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