Biogen Idec may fall to 197.40 - 203.60

Our pivot point stands at 236.4.

Our preference

Target 203.6.

Alternative scenario

The upside breakout of 236.4 would call for 247.1 and 253.5.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (225.983) but above its 50 day moving average (218.1116).

Supports and resistances

253.5 **

247.1 *

236.4 **

232.3

224 (USD-last)

209.8

203.6 **

197.4 *

191.4 **

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