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Next Support Level for Eli Lilly & Co (LLY) is $117.08

By Amy Schwartz

Shares of Eli Lilly & Co (NYSE:LLY) have bearishly opened below the pivot of $121.39 today and have reached the first support level of $118.51. Analysts will be watching for a cross of the next downside pivot targets of $117.08 and $112.77.

In the past 52 weeks, shares of Eli Lilly & Co have traded between a low of $77.09 and a high of $132.13 and are now at $119.26, which is 55% above that low price. The 200-day and 50-day moving averages have moved 0.50% higher and 0.10% higher over the past week, respectively.

Based on a current price of $119.26, Eli Lilly & Co is currently 22.2% above its average consensus analyst price target of $92.84. The stock should hit resistance at its 50-day moving average (MA) of $124.98, as well as support at its 200-day MA of $111.75.

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: pivot alerts eli lilly & co

Ticker(s): LLY