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

By Shiri Gupta

Eli Lilly & Co (NYSE:LLY) crossed under its 10-day moving average of $111.51 on a volume of 1.2 million shares. This may provide swing traders with 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 $116.61 and a 52-week low of $73.69 and are now trading 51% above that low price at $111.37 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.5%.

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 38.7%. 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