Biogen Idec may rise to 254.30 - 260.90

219.6 is our pivot point.

Our preference

The upside prevails as long as 219.6 is support.

Alternative scenario

Below 219.6, expect 208.9 and 202.5.

Comment

The RSI is above 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 214.719 and 212.8628).

Supports and resistances

267.4 **

260.9 *

254.3 **

247.7

230.04 (USD-last)

224

219.6 **

208.9 *

202.5 **

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