Eli Lilly may rise to 857.00 - 882.00

Our pivot point stands at 735.

Our preference

The upside prevails as long as 735 is support.

Alternative scenario

The downside breakout of 735 would call for 695 and 671.

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 trading above both its 20 and 50 day moving average (respectively at 760.31 and 760.6802).

Supports and resistances

906 **

882 *

857 **

833

783.18 (USD-last)

751

735 **

695 *

671 **

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