Eli Lilly $LLY Technical Update
The Eli Lilly (NYSE: LLY) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for LLY, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Review the Trading Plans:
Long Term Trading Plans for LLY
September 6, 2018, 8:45 pm ET
The Technical Summary and Trading Plans for LLY help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this LLY Report.
LLY – (Long) Support Plan
Buy over 95.87 target 108.85 stop loss @ 95.61.
The technical summary data tells us to buy LLY near 95.87 with an upside target of 108.85. This data also tells us to set a stop loss @ 95.61 to protect against excessive loss in case the stock begins to move against the trade. 95.87 is the first level of support below 105.37 , and by rule, any test of support is a buy signal. In this case, support 95.87 is being tested, a buy signal would exist.
LLY – (Short) Resistance Plan
Short under 108.85 target 95.87 stop loss @ 109.11
The technical summary data is suggesting a short of LLY as it gets near 108.85 with a downside target of 95.87. We should have a stop loss in place at 109.11 though. 108.85 is the first level of resistance above 105.37, and by rule, any test of resistance is a short signal. In this case, if resistance 108.85 is being tested, a short signal would exist.
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