Biogen Idec may rise to 246.90 - 253.10

215 is our pivot point.

Our preference

The upside prevails as long as 215 is support.

Alternative scenario

Below 215, expect 204.5 and 198.5.

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 221.2885 and 213.1632).

Supports and resistances

259.5 **

253.1 *

246.9 **

240.5

225.21 (USD-last)

219

215 **

204.5 *

198.5 **

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