Eli Lilly & Co Stock Code LLY.NYS
Price broke and closed above a previous 52-week high in the previous trading session. Price also broke above a V-shaped Ichimoku reversal in the previous trading session as well. Conversion and Base lines had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish and is hinting at a bullish price trend. We think price is likely to move higher to the Ichimoku V shaped price projection target at $347.10 in the next 2-3 weeks.
$347.00 Price Target
$312.00 Risk Management Stop
3 weeks Trade Duration