On Friday, Eli Lilly reached a key performance benchmark, with its Relative Strength (RS) Rating climbing into the 90-plus percentile with an improvement to 92, up from 89 the day before.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating of above 80 as they begin their biggest runs.
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Eli Lilly is trying to complete a flat base with a 335.43 entry. See if it can clear the breakout price in heavy volume. Be aware that it's a third-stage base. Later-stage patterns can work, but have a greater failure rate since, by that point, the stock has already risen significantly.
Earnings Update
Eli Lilly reported negative growth for both sales and earnings last quarter. Next earning report is still more than a month away.
Eli Lilly holds the No. 1 rank among its peers in the Medical-Diversified industry group. Danaher and Johnson & Johnson are also among the group's highest-rated stocks.
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