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

By James Quinn

Today, shares of Eli Lilly & Co (NYSE:LLY) have fallen below their 10-day MA of $115.70 on a volume of 477K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Eli Lilly & Co share prices have moved between a 52-week high of $132.13 and a 52-week low of $80.96 and are now trading 43% above that low price at $115.46 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.8%.

SmarTrend is tracking the current trend status for Eli Lilly & Co and will alert subscribers who have LLY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses eli lilly & co

Ticker(s): LLY