dingying85
Long

LLY breakout with volume

NYSE:LLY   LILLY ELI & CO
50 10 1
LLY             breakout with volume are fake breakdown, good buy spot
RSI is approaching overbought and stochastics is above 80. Might correct a little in the ST.
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dingying85 Will Wong
It just break out, i guess maximum correct to the upper boundary of the channel?
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Will Wong dingying85
Set your stop loss at around $72.
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I think you have nailed this one. Congrats. I sold my April 17 LLY $75 calls way too early. That is what happens when you place a GTC sell order and forgot all about it. LOL!
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dingying85 Will Wong
but i got stopped out before the up ...
Reply
Will Wong dingying85
I thought you went back in again with this new post. Sorry for the misunderstanding.
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Retest of the breakout line. Support held! Maybe time to pick up a few shares!
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I bought some April 17 LLY$75 calls which have more than doubled. :=)
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dingying85 Will Wong
wow, cool, do you have some picks to suggest now?
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Looks like a real breakout don't you think?
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