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Bullish Moving Average Cross by Eli Lilly (LLY)

By James Quinn

Today, shares of Eli Lilly (NYSE:LLY) have crossed bullishly above their 10-day moving average of $75.09 on a volume of 550K 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.

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 $75.40, which is 11% above that low price. The 200-day and 50-day moving averages have moved 0.28% lower and 0.27% higher over the past week, respectively.

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

Ticker(s): LLY