Eli Lilly's most recent trend suggests a bullish bias. One trading opportunity on Eli Lilly is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 11.11% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $65.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Eli Lilly is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Eli Lilly is bullish.
The RSI indicator is at 30.93 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Eli Lilly
Pfizer’s Valuation Showed Improvement in 4Q15
Wed, 17 Feb 2016 10:05:48 GMT
Biotech Conference Suggests Tempering Expectations For Eli Lilly Drug
Tue, 16 Feb 2016 18:47:09 GMT
Novo Continues to Trade at a Premium
Tue, 16 Feb 2016 00:06:11 GMT
Eli Lilly's Alimta Gets Negative Ruling in UK Patent Lawsuit
Mon, 15 Feb 2016 19:10:07 GMT
Eli Lilly and Co.’s Valuation Cheat Sheet for 4Q15
Sun, 14 Feb 2016 15:05:20 GMT
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