Today’s instrument is the Eli Lilly and Co stock traded on the NYSE under the ticker LLY.
If we look at the LLY’s chart, we can see that it was in a downward trend in the current week, hitting its lowest level in the past month after the announcement of its worst-than-expected quarterly earnings.
Today we could expect an upward technical reaction towards its resistance level at around $320 and if not able to break it through then it should fall back to the support level of $300.
(Click on image to enlarge)
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