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Eli Lilly & Co Bearish Moving Average Crossover Alert (LLY)

By David Diaz

Eli Lilly & Co (NYSE:LLY) shares have crossed bearishly below their 10-day moving average of $105.88 on a volume of 412K 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 & Co has traded in a range of $73.69 to $107.84 and is now at $105.66, 43% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.7%.

SmarTrend recommended that subscribers consider buying shares of Eli Lilly & Co on May 11th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.74. Since that recommendation, shares of Eli Lilly & Co have risen 30.4%. 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 & co

Ticker(s): LLY