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Stock Update on Eli Lilly


The pharmaceutical company is now at an overbought level.

MINYANVILLE ORIGINAL This morning, recommended remaining long Eli Lilly (NYSE:LLY) even after yesterdays 5% move higher. Back on August 27, we alerted readers that Eli Lilly has been moved to a Strong Buy from a Buy. Since getting long this stock, the pharmaceutical company is now up 19.88%

We are now reducing exposure to this name 100% as we have received an overbought level. Yes, the name can still run further; however, after this significant move higher, we will listen to our algorithm and not our emotions.

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