Eli Lilly may rise to 950.00 - 964.00

Our pivot point stands at 879.

Our preference

The upside prevails as long as 879 is support.

Alternative scenario

The downside breakout of 879 would call for 855 and 840.

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 above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 861.602 and 803.3832).

Supports and resistances

978 **

964 *

950 **

935

901.26 (USD-last)

889

879 **

855 *

840 **

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