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Benzinga
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Stock Of The Day: Another Breakout For Eli Lilly?

1. LLY faces resistance around $239 after breaking $708 support. 2. Investor remorse is causing selling at key resistance levels. 3. A break above $739 could lead to significant price increases. 4. Historical resistance levels at $815 indicate potential selling pressure.

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FAQ

Why Bullish?

While resistance exists, historical patterns show potential for upward movement post-resistance breaching.

How important is it?

Recent trading behavior and resistance levels directly pertain to LLY's immediate stock performance.

Why Short Term?

Resistance levels can cause immediate price fluctuations, but trends may stabilize within weeks.

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