Regeneron Pharmaceuticals may rise to 1099.00 - 1112.00

Our pivot point stands at 1013.

Our preference

As long as 1013 is support look for 1099.

Alternative scenario

The downside breakout of 1013 would call for 990 and 978.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 1034.7865 and 985.8184).

Supports and resistances

1126 **

1112 *

1099 **

1086

1044.66 (USD-last)

1022

1013 **

990 *

978 **

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