Biogen Idec may fall to 170.40 - 173.70

Our pivot point is at 191.3.

Our preference

The downside prevails as long as 191.3 is resistance.

Alternative scenario

The upside breakout of 191.3 would call for 197.1 and 200.4.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 194.9905 and 200.8168).

Supports and resistances

200.4 **

197.1 *

191.3 **

189

185.68 (USD-last)

177.2

173.7 **

170.4 *

167.1 **

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