This is another strong 'blue chip' pharm company (like BMY) that was hit really hard this year. nice pullback opportunity (more or less). Nice bounce off of the 200 SMA on the weekly and decent gap on the daily. Likely good for a longer term 1-3 year location buy
This is by request from a few traders who have LLY long term. the last one from Feb expired. This has been a BEAUTIFUL MOVE from $69
I don't have any positions on LLY, however, it did bounce NICELY off of the 200 SMA on weekly as we expected. For those who have at least 100 shares, one could consider a covered call up at this level, as we're hitting the 100 SMA.
This stock has been in a correction for about a year now and it looks like it is not done yet. Looking to the price history on the left we can see that we could soon hit strong support starting from $60.00 which is basically the top of a $48-60 price channel. So I would be looking to buy anywhere below $60 if we re-enter that channel (yellow box). I don't expect...
LLY forming a potential head & shoulder. Break below 82 will be good to enter in to a short trade. There are weakness in weekly frame as well.
I've been keeping my eyes on this one for a bear call spread. Nice gap, nice volume, looks decent on the weekly.
Nice gap on the daily. IF the stop gets traded through or broken through... readjust some numbers and just continue to keep an eye on it.
Could leg into this trade. 1/2 at 77.66 1/2 an R at 79.26 (if it pulls back to that level today or tomorrow) However LLY looks like a nice H&S pattern. 200 SMA is a target. LLY doesn't have to break through that. However, if it does, 68.72 makes a lot of sense. 8/26/15
#LLY breaks support on 87.20 and is going up. It's pretty good signal to buy this stock wit pretty good r/r.
Price has surpassed R2 pivot, dipped below, and now using it as resistance. MACD is weakly bullish with some selling support at these levels
Price Support Pivot Point Resistance 71.88 69.68 71.30 73.52 BB : Basis, below line True S. Ind : Black Line Up RSI : 56 On Balanace Volume : up
Pick this up, while you still can. The upward channel along with stochastics are beautiful!! Make some money. If you disagree with my chart please let me know what I did wrong or what I can do better.
I think there is a really good possibility of LLY gaining 4.4% - to 6.4% over the next couple trading sessions. All the indicators are lining up and the stochastics are getting very close to oversold, and this is looking very very nice
Pa has marked the whole range of the PRZ. If PA doesn't violate the Zone a very good RR (3.5) into T1 and (5.86) into T2.
Eli Lilly showing relative weakness and building high-probability pattern - bear flag with well defined entry,stop and target points mentioned on chart.