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Eli Lilly & Co Set to Possibly Pullback After Yesterday's Rally of 1.30%

By James Quinn

Eli Lilly & Co (NYSE:LLY) traded in a range yesterday that spanned from a low of $87.92 to a high of $88.85. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $88.33 on volume of 998,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Eli Lilly & Co has traded in a range of $73.69 to $89.09 and is now at $88.67, 20% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

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