Regeneron Pharmaceuticals may rise to 1024.00 - 1041.00

Our pivot point stands at 936.

Our preference

As long as 936 is support look for 1024.

Alternative scenario

The downside breakout of 936 would call for 907 and 890.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (969.23) but above its 50 day moving average (945.1578).

Supports and resistances

1059 **

1041 *

1024 **

1006

966.49 (USD-last)

947

936 **

907 *

890 **

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