CFD Trading – Buy Eli Lilly And Co (LLY.NYS) @ $147.90. Stop @ $142.70 and Target @ $155.90

Eli Lilly and Company Stock Code LLY.NYS

Price broke above the cloud three days ago and could be moving higher. Price also broke above a Triangle chart pattern and closed above the Triangle trend line, which could be a first hint of a bullish price trend towards $160.00. Conversion line and Base line had a bullish crossover earlier, confirming the bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud at the moment.  MACD is bullish and rising and a bullish crossover was seen earlier. If price can hold above the $147, we think price is likely to head higher to the next resistance point at $156 or $160 in the next few days.

$147.90              Buy
$155.90              Price Target
$142.70              Risk Management Stop
3 weeks              Trade Duration

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