Regeneron Pharmaceuticals may rise to 1101.00 - 1117.00

Our pivot point stands at 1018.

Our preference

As long as 1018 is support look for 1101.

Alternative scenario

The downside breakout of 1018 would call for 992 and 976.

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 1040.3175 and 993.7494).

Supports and resistances

1132 **

1117 *

1101 **

1085

1052.25 (USD-last)

1027

1018 **

992 *

976 **

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