By: Benzinga
March 14, 2013 at 15:41 PM EDT
Magnet Trades: The Case of Eli Lilly
Every once in a while, a key technical level becomes so relevant that every time a stock moves away from that level, it gets pulled back towards it. I call these types of levels "magnets". Take for example the $55 level on Eli Lilly (NYSE: LLY ). For the past
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