Bearish Moving Average Cross by Eli Lilly (LLY)
Eli Lilly (NYSE:LLY) crossed under its 10-day moving average of $76.15 on a volume of 719K shares. Swing traders may find an opportunity 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 have traded between a low of $67.88 and a high of $92.85 and are now at $75.92, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.3%.
SmarTrend is tracking the current trend status for Eli Lilly and will alert subscribers who have LLY in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Eli Lilly