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After Yesterday's Rally of 1.43% Shares Could Potentially Pullback

By James Quinn

Eli Lilly & Co (NYSE:LLY) traded in a range yesterday that spanned from a low of $117.25 to a high of $117.44. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $115.66 on volume of 1.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Eli Lilly & Co share prices have been bracketed by a low of $80.96 and a high of $132.13 and are now at $117.32, 45% above that low price. The 200-day and 50-day moving averages have moved 0.25% higher and 0.65% lower over the past week, respectively.

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: rebounders eli lilly & co

Ticker(s): LLY