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After Yesterday's Rally of 1.68% Shares Could Potentially Pullback

By David Diaz

Eli Lilly & Co (NYSE:LLY) traded in a range yesterday that spanned from a low of $77.91 to a high of $79.35. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $78.15 on volume of 1.5 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 its subscribers protect gains by selling shares of Eli Lilly & Co on January 22nd, 2018 by issuing a Downtrend alert when the shares were trading at $83.99. Since that call, shares of Eli Lilly & Co have fallen 7.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Eli Lilly & Co share prices have moved between a 52-week high of $89.09 and a 52-week low of $64.18 and are now trading 23% above that low price at $79.22 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.3%.

Keywords: rebounders eli lilly & co

Ticker(s): LLY