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SmarTrend Watching for Potential Rebound in Shares of Eli Lilly & Co After 1.06% Loss

By James Quinn

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.

In the past 52 weeks, Eli Lilly & Co share prices have been bracketed by a low of $77.09 and a high of $132.13 and are now at $122.76, 59% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

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