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Bullish Moving Average Cross by Eli Lilly (LLY)

By Amy Schwartz

Today, shares of Eli Lilly (NYSE:LLY) have crossed bullishly above their 10-day moving average of $79.77 on a volume of 1.5 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Eli Lilly share prices have been bracketed by a low of $67.88 and a high of $92.85 and are now at $79.93, 18% above that low price. 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 is monitoring the recent change of momentum in Eli Lilly. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Eli Lilly in search of a potential trend change.

Keywords: moving crosses Eli Lilly

Ticker(s): LLY