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Barchart
Wajeeh Khan

The $4 Billion Reason Eli Lilly Stock Is Up Today

Eli Lilly LLY Lilly Vaccine

Eli Lilly (LLY) stock extended gains on Tuesday and Wednesday after the pharmaceutical behemoth said it’s buying three private vaccine makers for nearly $4 billion.

The upward momentum drove LLY’s relative strength index (RSI) into the late 60s, indicating the stock is now approaching overbought territory.

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