Rochester,NY 8/15/2009 1:07:22 AM
Biogen Idec Inc., BIIB - Biogen Idec with $48.27 Support
Biogen Idec Inc.
Biogen Idec at $48.92 closed yesterday. till now the stock has hit a 52-week low of $37.21 and 52-week high of $55.45. Biogen Idec stock has been showing support around 48.27 and resistance in the 49.77 range.
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Technical indicators for the stock are Neutral and S&P gives BIIB a neutral 3 STAR (out of 5) hold rating. BIIB appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Oct '09 45 covered call (IDK JI) for a net debit in the $43.62 area.
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