ELI LILLY AND COMPAN

LLY
Delayed Quote. Delayed  - 10/29 04:10:00 pm
132.55USD +0.94%

Eli Lilly and Company : The underlying trend is in force again

David Meurisse
Contributor / Partner

Strategy published on : 10/16/2020 | 10:10

long trade
Stop-loss triggered

Entry price : 147.11$
Target : 169.13$
Stop-loss : 139$
Potential : 14.97%

Shares in Eli Lilly and Company do not show any sign of a slowdown in the ascending dynamic. Investors could bet on a continuation of the underlying trend.
Investors have an opportunity to buy the stock and target the $ 169.13.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● The share is getting closer to its long-term support in weekly data, at USD 141.46, which offers good timing for buyers.

● Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 141.52 support.

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● The stock is in a well-established, long-term rising trend above the technical support level at 141.46 USD


Weaknesses

● Based on current prices, the company has particularly high valuation levels.

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