CFD Trading –Buy Eli Lilly & Company (LLY.NYS) @ $343.40. Stop @ $335.90 and Target @ $362.00.

Eli Lilly & Company Stock Code LLY.NYS

Outlook

Price broke above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion and Base lines had a bullish crossover, and is hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud at the moment. MACD is bullish with both its lines above the zero line. We think price is likely to move higher to the resistance level at $362 in the next 2-3 weeks.

Strategy                  

$343.40              Buy

$362.00              Price Target

$335.90              Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy Eli Lilly & Co (LLY.NYS) @ $324.00. Stop @ $312.00 and Target @ $347.00.

Eli Lilly & Co Stock Code LLY.NYS

Outlook

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.

Strategy 

$324.00                Buy

$347.00                Price Target

$312.00                 Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy Eli Lilly And Co (LLY.NYS) @ $193.30. Stop @ $192.90 and Target @ $211.80.

Eli Lily And Co Stock Code LLY.NYS

Outlook
Price moved above the cloud two days ago and this could signal the end of a price correction and the resumption of an uptrend for the previous high.  Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago but is inside the cloud at the moment.  MACD is bullish and both of its lines are moving higher, hinting of a bullish price trend ahead. Price could be heading towards the previous high of $211.62 again within the next 2-3 weeks.

Strategy                  
$193.30              Buy
$211.80              Price Target
$192.90              Risk Management Stop
3 weeks              Trade Duration

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

Outlook
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.

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