Biogen Idec may rise to 204.10 - 208.10

Our pivot point stands at 183.8.

Our preference

Short term rebound towards 204.1.

Alternative scenario

The downside breakout of 183.8 would call for 177.2 and 173.2.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 190.6195 and 197.515).

Supports and resistances

212 **

208.1 *

204.1 **

200

189 (USD-last)

186.3

183.8 **

177.2 *

173.2 **

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