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Shares of Eli Lilly are surging this morning.  The stock’s 8% news inspired: Why Eli Lilly Shares Are Rising Today (msn.com), rise puts atop the $SPX gainers list.  This powerful move could spark quite a fresh rally leg. 

LLY began consolidating in a narrowing range shortly after its early August post earnings ramp.  A clear break above the $276.00 area(Aug. peak) would resolve this healthy pattern to the upside.  

LLY is far from overbought.  Daily MACD is turning up just below neutral.  Volume is running heavy in the early going. 

No position. 

Not a recommendation to buy, sell or hold.