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Eli Lilly & Co Crosses Above its 10-day MA (LLY)

By Shiri Gupta

Eli Lilly & Co (NYSE:LLY) crossed over its 10-day moving average of $108.58 on a volume of 388K 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 & Co share prices have been bracketed by a low of $104.17 and a high of $132.13 and are now at $110.15, 6% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

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