Trading (LLY) With Integrated Risk Controls
June 08, 2024, 12:02 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LLY
- Buy LLY slightly over 806.18 target 864.61 stop loss @ 803.85 Details
The technical summary data tells us to buy LLY near 806.18 with an upside target of 864.61. This data also tells us to set a stop loss @ 803.85 to protect against excessive loss in case the stock begins to move against the trade. 806.18 is the first level of support below 849.99 , and by rule, any test of support is a buy signal. In this case, support 806.18 is being tested, a buy signal would exist.
- Short LLY slightly under 864.61, target 806.18, stop loss @ 867.11 Details
The technical summary data is suggesting a short of LLY as it gets near 864.61 with a downside target of 806.18. We should have a stop loss in place at 867.11though. 864.61 is the first level of resistance above 849.99, and by rule, any test of resistance is a short signal. In this case, if resistance 864.61 is being tested, a short signal would exist.
Swing Trading Plans for LLY
- Buy LLY slightly over 864.61, target n/a, Stop Loss @ 862.11 Details
If 864.61 begins to break higher, the technical summary data tells us to buy LLY just slightly over 864.61, with an upside target of n/a. The data also tells us to set a stop loss @ 862.11 in case the stock turns against the trade. 864.61 is the first level of resistance above 849.99, and by rule, any break above resistance is a buy signal. In this case, 864.61, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short LLY slightly near 864.61, target 843.7, Stop Loss @ 867.11. Details
The technical summary data is suggesting a short of LLY if it tests 864.61 with a downside target of 843.7. We should have a stop loss in place at 867.11 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 864.61, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for LLY
- Buy LLY slightly over 864.61, target n/a, Stop Loss @ 862.59 Details
If 864.61 begins to break higher, the technical summary data tells us to buy LLY just slightly over 864.61, with an upside target of n/a. The data also tells us to set a stop loss @ 862.59 in case the stock turns against the trade. 864.61 is the first level of resistance above 849.99, and by rule, any break above resistance is a buy signal. In this case, 864.61, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short LLY slightly near 864.61, target 845.23, Stop Loss @ 866.63. Details
The technical summary data is suggesting a short of LLY if it tests 864.61 with a downside target of 845.23. We should have a stop loss in place at 866.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 864.61, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Eli Lilly And Company (LLY) available here: LLY.
LLY Ratings for June 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
750.82 |
| P2 |
834.82 |
828.28 |
806.18 |
| P3 |
845.23 |
843.7 |
864.61 |
AI Generated Signals for LLY
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Eli Lilly And Company (NYSE: LLY) report below can help you, but we have more details too. The trading plans for LLY, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for LLY:
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