Biogen Idec may rise to 198.70 - 202.80

177.5 is our pivot point.

Our preference

Short term rebound towards 198.7.

Alternative scenario

The downside breakout of 177.5 would call for 170.9 and 166.9.

Comment

The RSI is below its neutrality area at 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 188.596 and 196.3824).

Supports and resistances

206.9 **

202.8 *

198.7 **

194.7

185.9 (USD-last)

180.2

177.5 **

170.9 *

166.9 **

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