Eli Lilly: Throwing Its Weight Around – But, For How Long? (Technical Analysis)


  • Follow along as we discuss a potential top formation in Lilly’s stock price and the importance of proper evidence before taking a short position.
  • We share our methodology that shows at what price level to turn more cautious if you are long Lilly shares at the moment.
  • How does the structure of price on the Lilly chart show us this?

Portrait of a strong businessman

zoranm/E+ via Getty Images

By Levi at Elliott Wave Trader; Produced with Avi Gilburt

There are likely to be a few different types of shareholders here. You will have the “long and strong” crowd that has been in Eli Lilly (

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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