Biogen Idec may rise to 224.90 - 231.20

193.8 is our pivot point.

Our preference

Short term rebound towards 224.9.

Alternative scenario

Below 193.8, expect 183.1 and 176.9.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands above its 20 day moving average (204.776) but below its 50 day moving average (218.1052).

Supports and resistances

237.6 **

231.2 *

224.9 **

218.3

205 (USD-last)

197.9

193.8 **

183.1 *

176.9 **

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