Regeneron Pharmaceuticals may rise to 1100.00 - 1125.00

Our pivot point is at 972.

Our preference

Short term rebound towards 1100.

Alternative scenario

The downside breakout of 972 would call for 930 and 905.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 1045.537 and 1113.5192).

Supports and resistances

1150 **

1125 *

1100 **

1075

1016.68 (USD-last)

988

972 **

930 *

905 **

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