Eli Lilly & Co.(LLY) is in an downtrend

(29-Apr-2008) (29-Apr-2008) Eli Lilly & Co.(LLY) closed at 48.11, down -1.25 or -2.53 % today. Based on our analysis, Eli Lilly & Co.(LLY) is in an downtrend.

The closing price of Eli Lilly & Co.(LLY) is below its 50 day moving average of 50.56 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Eli Lilly & Co.(LLY) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 17-Apr-2008, about 10 trading days ago.