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PeakTrader.com Economics, Portfolio Optimization, and Technical Analysis
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arthur Guest
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Posted: Sat Mar 19, 2005 9:00 am Post subject: LLY Chart |
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Big pharma stocks have been out of favor for quite a while, and may be positions to rally over the next few years. LLY is oversold and may bounce to 55 short-term. Eventually, it should breakout of the trading range at around 55, and rise back to over 75, since it's fundamentally undervalued (although, PPH is a safer long-term hold, since it's an index fund).
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