Biogen Idec may fall to 201.50 - 206.80

Our pivot point stands at 236.

Our preference

Under pressure below 236.

Alternative scenario

Above 236, look for 245.6 and 251.1.

Comment

The RSI is below 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 both its 20 and 50 day moving average (respectively at 227.7795 and 227.0426).

Supports and resistances

251.1 **

245.6 *

236 **

232.1

226.63 (USD-last)

212.4

206.8 **

201.5 *

195.9 **

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