Regeneron Pharmaceuticals may rise to 1173.00 - 1192.00

Our pivot point stands at 1047.

Our preference

As long as 1047 is support look for 1173.

Alternative scenario

The downside breakout of 1047 would call for 1016 and 998.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 1074.49 and 1041.4488).

Supports and resistances

1212 **

1192 *

1173 **

1154

1082.19 (USD-last)

1060

1047 **

1016 *

998 **

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