Eli Lilly may fall to 762.00 - 785.00

Our pivot point stands at 911.

Our preference

Target 785.

Alternative scenario

The upside breakout of 911 would call for 951 and 974.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (910.2435) but above its 50 day moving average (856.5284).

Supports and resistances

974 **

951 *

911 **

896

857.47 (USD-last)

808

785 **

762 *

739 **

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