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Eli Lilly & Co Falls 1.06% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Eli Lilly & Co (NYSE:LLY) traded in a range yesterday that spanned from a low of $122.76 to a high of $124.26. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $123.02 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Eli Lilly & Co has traded in a range of $77.09 to $132.13 and is now at $122.76, 59% above that low. The 200-day and 50-day moving averages have moved 0.53% higher and 0.23% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Eli Lilly & Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Eli Lilly & Co in search of a potential trend change.

Keywords: rebounders eli lilly & co

Ticker(s): LLY