Eli Lilly may rise to 989.00 - 1001.00

Our pivot point stands at 919.

Our preference

The upside prevails as long as 919 is support.

Alternative scenario

Below 919, expect 899 and 886.

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 906.2545 and 842.6896). Finally, Eli Lilly has crossed above its upper daily Bollinger band (946.99).

Supports and resistances

1014 **

1001 *

989 **

976

948.4 (USD-last)

928

919 **

899 *

886 **

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