Biogen Idec may fall to 184.00 - 190.50

226.4 is our pivot point.

Our preference

The downside prevails as long as 226.4 is resistance.

Alternative scenario

Above 226.4, look for 237.8 and 244.5.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 227.0775 and 226.8918). Finally, Biogen Idec is trading below its lower daily Bollinger band (standing at 216.84).

Supports and resistances

244.5 **

237.8 *

226.4 **

222.1

211.17 (USD-last)

197

190.5 **

184 *

177.2 **

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