Eli Lilly may rise to 1109.00 - 1157.00

Our pivot point stands at 870.

Our preference

The upside prevails as long as 870 is support.

Alternative scenario

Below 870, expect 794 and 748.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 852.601 and 880.4702).

Supports and resistances

1204 **

1157 *

1109 **

1062

949.97 (USD-last)

901

870 **

794 *

748 **

Number of asterisks represents the strength of support and resistance levels.