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Bullish Moving Average Cross by Eli Lilly & Co (LLY)

By Nick Russo

Today, shares of Eli Lilly & Co (NYSE:LLY) have crossed bullishly above their 10-day moving average of $111.80 on a volume of 486K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Eli Lilly & Co share prices have been bracketed by a low of $104.17 and a high of $132.13 and are now at $111.94, 7% above that low price. 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 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: moving crosses eli lilly & co

Ticker(s): LLY