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DeepNewz, mobile.
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Eli Lilly and Co. (LLY) experienced a significant drop in its stock price on July 18, marking its worst day since March 2021. The stock has fallen over 13% in the past three days, dropping from $863+. Analysts suggest that a 50% retrace and the 50-day simple moving average (SMA) could be potential entry points for bullish investors. Additionally, a larger support area is identified between $800 and $810, representing an 18% decline, which could attract buyers.
$LLY nice bounce from yesterday sell off
$LLY has come down in a hurry, down over 13% in three days. For bulls, perhaps this 50% retrace and 50-day sma is worth stepping into. The larger support area I am watching is $800-$810. A dip to this area would represent an 18% decline and likely draw in buyers IMO - at… https://t.co/TGhktB4LLl
$LLY worst day since March 2021 https://t.co/1CDxbfSBa6
