Bearish DailyPlay for Tuesday February 9th, 2016 – Eli Lilly & Co (LLY)
The bearish DailyPlay we chose for Tuesday February 9th is Eli Lilly & Co (LLY). LLY is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 8.02% move lower and it’s 1m and 6m trend turned bearish on 1/04 and recently broke below its $65 support area on high volume.
Eli Lilly & Co’s 1m and 6m trends turned bearish on 1/07 and recently broke below its $75 support area. With a technical score of 5 (out of 10), LLY looks positioned to continue this strong bearish trend lower.