Stock Of The Day: Here's Why Weight-Loss Drug Maker Eli Lilly Has Reversed

When stocks rally, they tend to run into resistance if they reach a price level that had been resistance before. And sometimes, after hitting it they reverse and head lower.As you can see on the chart, this is what just happened with shares of Eli Lilly and Co LLY. This is why our team of trading experts have made it our Stock of the Day.When a stock is moving higher, it is out of equilibrium. There is more demand (buy orders) than there is supply (sell orders). As a result, if they want to acquire shares, ...