LILLY ELI & CO
(LLY-NYSE):
Technical Viewpoint: From a low
of $74.19 on Jan 13, 1999 prices
rallied, reaching a
high of $94.56
on Feb 1, 1999. A
decline saw prices pull back, reaching a
low of
$86.44 on Feb 10, 1999.
Another rally saw prices penetrate
resistance, closing 2/18/99
at $93 3/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 27, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $89.00. Resistance: Is at $94.56.
Point & Figure: Reversed to the upside on Feb 18, 1999. A P&F upside
reversal takes place at $90.00. Summary: Technical indicators have turned bullish. BUY! LILLY ELI & CO
(LLY-NYSE) @ $94 5/8 Stop: Use a protective stop of $91 7/8.
LILLY ELI & CO is currently trading @ $93 3/8 plus $4 7/8 on Feb 18, 1999. Price Objective:
$102.00. Risk/Reward: $2 3/8 VS. $7 3/8. Today's Risk Reward Ratio: 3:1
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