Biogen Idec may fall to 173.90 - 180.50

Our pivot point stands at 213.1.

Our preference

The downside prevails as long as 213.1 is resistance.

Alternative scenario

Above 213.1, look for 224.2 and 230.9.

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 stock is trading under both its 20 and 50 day moving average (respectively at 215.1195 and 223.1084).

Supports and resistances

230.9 **

224.2 *

213.1 **

208.7

202 (USD-last)

186.9

180.5 **

173.9 *

167.5 **

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