Eli Lilly may rise to 885.00 - 909.00

Our pivot point is at 772.

Our preference

The upside prevails as long as 772 is support.

Alternative scenario

The downside breakout of 772 would call for 730 and 706.

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 774.5945 and 764.9616).

Supports and resistances

934 **

909 *

885 **

860

807.43 (USD-last)

788

772 **

730 *

706 **

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