• Return to Headlines

Eli Lilly Bearish Moving Average Crossover Alert (LLY)

By Amy Schwartz

Eli Lilly (NYSE:LLY) crossed under its 10-day moving average of $83.12 on a volume of 3.3 million 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.

Over the past year, Eli Lilly has traded in a range of $64.18 to $92.85 and is now at $81.40, 27% above that low. 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 7.3%. 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