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ELI LILLY & COMPANY
(LLY-NYSE):
Technical Viewpoint: From a low
of $43.75 on Jul 18, 2002 prices
rallied, reaching a
high of $59.24
on Jul 30, 2002. A
decline saw prices pull back, reaching a
low of
$51.35 on Aug 5, 2002.
Another rally saw prices penetrate
resistance, closing 8/22/02
at $62.15. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 9, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $57.75. Resistance: Is at $62.99.
Point & Figure: Reversed to the upside on Aug 14, 2002. A P&F upside
reversal takes place at $63.00. Summary: Technical indicators have turned bullish. BUY! ELI LILLY & COMPANY
(LLY-NYSE) @ $62.25 Stop: Use a protective stop of $59.75.
ELI LILLY & COMPANY is currently trading @ $62.15 plus $4.03 on Aug 22, 2002. Price Objective:
$86.00. Risk/Reward: $2.50 VS. $23.75. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$86.00
Risk/Reward:
$2.50 VS. $23.75
Risk/Reward Ratio:
9:1
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