Biogen Idec may rise to 254.80 - 261.60

220.1 is our pivot point.

Our preference

The upside prevails as long as 220.1 is support.

Alternative scenario

Below 220.1, expect 208.9 and 202.3.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 224.6735 and 213.5118).

Supports and resistances

268.4 **

261.6 *

254.8 **

248

234.13 (USD-last)

224.5

220.1 **

208.9 *

202.3 **

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