LLY remains an under-the-radar stock that appears poised for a continuation of its upward trajectory.
Following strong earnings and solid net income in the last quarter, analysts have revised their price targets upward, with some projections reaching as high as $1,000. This suggests a potential return of at least 10%.
From a technical perspective, LLY has posted gains for the week and remains above the 20, 50, and 100-day simple moving averages (SMAs). After reporting positive earnings earlier this month, the stock has undergone a period of consolidation and now appears to be positioning for a breakout. Additionally, the current price action is clearing the gap created by the earnings-induced decline in November of last year.
With prices breaking out and successfully retesting support, I anticipate a potential upside target of at least $945.
Following strong earnings and solid net income in the last quarter, analysts have revised their price targets upward, with some projections reaching as high as $1,000. This suggests a potential return of at least 10%.
From a technical perspective, LLY has posted gains for the week and remains above the 20, 50, and 100-day simple moving averages (SMAs). After reporting positive earnings earlier this month, the stock has undergone a period of consolidation and now appears to be positioning for a breakout. Additionally, the current price action is clearing the gap created by the earnings-induced decline in November of last year.
With prices breaking out and successfully retesting support, I anticipate a potential upside target of at least $945.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.