Regeneron Pharmaceuticals may rise to 1083.00 - 1101.00

Our pivot point stands at 995.

Our preference

The upside prevails as long as 995 is support.

Alternative scenario

Below 995, expect 966 and 949.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 991.4515 and 953.443).

Supports and resistances

1118 **

1101 *

1083 **

1066

1026.11 (USD-last)

1007

995 **

966 *

949 **

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