LLY is up 4% today and rejecting an upward trendline from its April 30, 2026 low; the 1243-1244 area and 1249.45 pivot peak may favor a sell trade, while a break above could test the 1292.65 double top after a deep, healthy pullback; support is expected above 1133.95.
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Walmart, Lockheed Martin, and even Eli Lilly are the most prosperous.
And finally, folks, Eli Lilly is having one of its best days in the market with a 4% gain today. What I'm watching here on the charts is this upward trend line from the low on April 30, 2026. This is exactly where the price is rejecting.
If we push the price higher, we will have this double factor for short selling here. It may be good for day trading or swing trading with this trendline pushing to test around 1243 to 1244, then this pivot peak at 1249.45 in a few dollars' range may favor selling on Eli Lilly.
If Eli Lilly breaks through that, it will give it a chance to test the double top at 1292.65 here after a deep, healthy pullback.
As for support, I expect the price to stay above the 1133.95 level because we were trading somewhat at that level, then buyers strongly rejected it here and since then the price has been trending upwards.
Therefore, keep an eye on this trend line for a sell trade on Eli Lilly stock.