Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Eli Lilly and Company's stock (LLY) rose in the intraday levels, while recouping some losses while hurt by piercing the main upward trend line previously, amid the dominance of the downward correctional short-term wave, with negative signals from the RSI, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the support of 299.75, provided the resistance of 340.75 holds on.
Expected trend for today: Bearish