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Look for Shares of Eli Lilly & Co to Potentially Pullback after Yesterday's 1.68% Rise

By Nick Russo

Eli Lilly & Co (NYSE:LLY) traded in a range yesterday that spanned from a low of $117.57 to a high of $118.82. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $118.25 on volume of 1.0 million 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 $101.36 to $132.13 and is now at $117.79, 16% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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