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ELI LILLY & COMPANY
(LLY-NYSE):
Technical Viewpoint: From a low
of $74.25 on Jul 17, 2001 prices
rallied, reaching a
high of $80.48
on Jul 31, 2001. A
decline saw prices pull back, reaching a
low of
$76.70 on Aug 10, 2001.
Another rally saw prices penetrate
resistance, closing 8/20/01
at $81.09. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 1, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $77.25. Resistance: Is at $82.85.
Point & Figure: Reversed to the upside on Aug 15, 2001. A P&F upside
reversal takes place at $78.75. Summary: Technical indicators have turned bullish. BUY! ELI LILLY & COMPANY
(LLY-NYSE) @ $81.38 Stop: Use a protective stop of $78.63.
ELI LILLY & COMPANY is currently trading @ $81.09 plus $1.29 on Aug 20, 2001. Price Objective:
$92.00. Risk/Reward: $2.75 VS. $10.62. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$92.00
Risk/Reward:
$2.75 VS. $10.62
Risk/Reward Ratio:
4:1
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