Regeneron Pharmaceuticals may rise to 1277.00 - 1302.00

1158 is our pivot point.

Our preference

The upside prevails as long as 1158 is support.

Alternative scenario

The downside breakout of 1158 would call for 1116 and 1091.

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 positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 1130.576 and 1088.0604).

Supports and resistances

1327 **

1302 *

1277 **

1252

1199.12 (USD-last)

1173

1158 **

1116 *

1091 **

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