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After Yesterday's Rally of 1.44% Shares Could Potentially Pullback

By Shiri Gupta

Eli Lilly & Co (NYSE:LLY) traded in a range yesterday that spanned from a low of $97.84 to a high of $100.39. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $99.35 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 20.8%. We continue to monitor LLY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Eli Lilly & Co share prices have moved between a 52-week high of $100.39 and a 52-week low of $73.69 and are now trading 36% above that low price at $100.24 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.2%.

Keywords: rebounders eli lilly & co

Ticker(s): LLY