We have NYSE:LLY stuck in a triangle. The tip of the triangle and falling volume indicate that we should have a breakout in a couple of days. In my opinion, it is highly likely that the price will break down. Anyway, we have a chance of $4.8/share profit in here, lets see.
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...
The company announced that it plans to make available on the market 20 new drugs in the coming years, with even the possibility of seeing approved new indications for products already authorized. The therapeutic areas in which the company is engaged are diabetes, oncology, immunology, neurodegeneration and pain therapy.
P/E 34.41
Forward P/E 18.90
Yeld: 2.72%
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
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
