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Bearish Moving Average Cross by Eli Lilly & Co (LLY)

By Nick Russo

Eli Lilly & Co (NYSE:LLY) shares have crossed bearishly below their 10-day moving average of $88.88 on a volume of 736K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Eli Lilly & Co have traded between a low of $73.69 and a high of $90.13 and are now at $88.56, which is 20% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

SmarTrend is tracking the current trend status for Eli Lilly & Co and will alert subscribers who have LLY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses eli lilly & co

Ticker(s): LLY