Biogen Idec may rise to 249.60 - 255.40

220.6 is our pivot point.

Our preference

The upside prevails as long as 220.6 is support.

Alternative scenario

The downside breakout of 220.6 would call for 211.5 and 205.8.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 227.8555 and 225.3918).

Supports and resistances

261 **

255.4 *

249.6 **

244

232.75 (USD-last)

224.3

220.6 **

211.5 *

205.8 **

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