Eli Lilly may rise to 952.00 - 966.00

Our pivot point is at 851.

Our preference

The upside prevails as long as 851 is support.

Alternative scenario

The downside breakout of 851 would call for 826 and 812.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (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 843.9415 and 792.2656).

Supports and resistances

982 **

966 *

952 **

936

885.99 (USD-last)

861

851 **

826 *

812 **

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