Regeneron Pharmaceuticals may rise to 1261.00 - 1286.00

Our pivot point is at 1134.

Our preference

The upside prevails as long as 1134 is support.

Alternative scenario

Below 1134, expect 1092 and 1068.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 1098.964 and 1069.7094).

Supports and resistances

1311 **

1286 *

1261 **

1236

1179.31 (USD-last)

1150

1134 **

1092 *

1068 **

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