• Return to Headlines

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

By Nick Russo

Eli Lilly & Co (NYSE:LLY) crossed under its 10-day moving average of $114.12 on a volume of 593K 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.

In the past 52 weeks, shares of Eli Lilly & Co have traded between a low of $84.64 and a high of $132.13 and are now at $112.32, which is 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Eli Lilly & Co on April 15th, 2019 by issuing a Downtrend alert when the shares were trading at $123.76. Since that call, shares of Eli Lilly & Co have fallen 6.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses eli lilly & co

Ticker(s): LLY