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Bullish Moving Average Cross by Eli Lilly (LLY)

By Shiri Gupta

Eli Lilly (NYSE:LLY) shares have crossed bullishly above their 10-day moving average of $84.31 on a volume of 450K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Eli Lilly share prices have moved between a 52-week high of $92.85 and a 52-week low of $64.18 and are now trading 32% above that low price at $84.60 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Eli Lilly on February 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $77.74. Since that recommendation, shares of Eli Lilly have risen 8.0%. We continue to monitor LLY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Eli Lilly

Ticker(s): LLY