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SmarTrend Watching for Potential Rebound in Shares of Eli Lilly & Co After 1.82% Loss

By Amy Schwartz

Eli Lilly & Co (NYSE:LLY) traded in a range yesterday that spanned from a low of $114.24 to a high of $115.99. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $116.22 on volume of 832,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Eli Lilly & Co share prices have moved between a 52-week high of $119.84 and a 52-week low of $73.69 and are now trading 55% above that low price at $114.40 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.6%.

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