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Astrazeneca PLC (AZN) “On a long-term technical basis, the stock (AZN) is trading above its 200-day moving average which generally implies it is in a positive trend.
The stock has support at 57.44 and 53.87. If the stock breaks down through support at 57.44 then it will probably continue lower to 53.87. The stock will meet resistance at 61.50 and 64.62. If the stock breaks up through resistance at 61.50 then it will probably continue higher to 64.62. The 200-day moving average is at 49.00. This will also act as support. The stock is slightly overbought according to the Stochastic Indicator (73.24).”
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