ELI LILLY & COMPANY
(LLY-NYSE):
Technical Viewpoint: From a low
of $57.99 on Apr 21, 2003 prices
rallied, reaching a
high of $64.94
on Apr 29, 2003. A
decline saw prices pull back, reaching a
low of
$58.10 on May 23, 2003.
Another rally saw prices penetrate
resistance, closing 6/13/03
at $65.21. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 12, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $57.50. Resistance: Is at $66.75.
Point & Figure: Reversed to the upside on Jun 12, 2003. A P&F upside
reversal takes place at $64.00. Summary: Technical indicators have turned bullish. BUY! ELI LILLY & COMPANY
(LLY-NYSE) @ $65.63 Stop: Use a protective stop of $63.13.
ELI LILLY & COMPANY is currently trading @ $65.21 plus $1.07 on Jun 13, 2003. Price Objective:
$80.00. Risk/Reward: $2.50 VS. $14.38. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$80.00
Risk/Reward:
$2.50 VS. $14.38
Risk/Reward Ratio:
6:1
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