Biogen Idec may rise to 252.90 - 259.20

Our pivot point is at 222.

Our preference

The upside prevails as long as 222 is support.

Alternative scenario

Below 222, expect 211.4 and 205.2.

Comment

The RSI is above its neutrality area at 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 226.751 and 216.4556).

Supports and resistances

265.7 **

259.2 *

252.9 **

246.6

231.69 (USD-last)

226.1

222 **

211.4 *

205.2 **

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