Eli Lilly may fall to 714.00 - 740.00

Our pivot point stands at 877.

Our preference

The downside prevails as long as 877 is resistance.

Alternative scenario

Above 877, look for 923 and 950.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 877.8035 and 867.0306).

Supports and resistances

950 **

923 *

877 **

859

832.44 (USD-last)

767

740 **

714 *

686 **

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