Eli Lilly's most recent trend suggests a bearish bias. One trading opportunity on Eli Lilly is a Bear Call Spread using a strike $270.00 short call and a strike $290.00 long call offers a potential 14.81% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $270.00 by expiration. The full premium credit of $2.58 would be kept by the premium seller. The risk of $17.42 would be incurred if the stock rose above the $290.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Eli Lilly is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Eli Lilly is bearish.
The RSI indicator is at 59.2 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Eli Lilly
Glaxo (GSK), Vir Intramuscular Sotrovimab Meets Study Endpoint
Mon, 15 Nov 2021 15:27:03 +0000
Glaxo (GSK) and Vir announce non-inferiority of intramuscular administration of sotrovimab compared to intravenous administration in reducing hospitalization or death as an early treatment of mild-to-moderate COVID-19.
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Sun, 14 Nov 2021 16:20:04 +0000
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Google, Tesla Rival XPeng Lead 5 Stocks Near Buy Zones
Sat, 13 Nov 2021 13:34:54 +0000
Google stock and Tesla China EV rival XPeng lead an economically diverse group, three of which have cup-with-handle buy points.
How IBD Stock Of The Day Eli Lilly Is Taking On Biogen In Alzheimer's
Fri, 12 Nov 2021 21:46:59 +0000
Eli Lilly stock is the IBD Stock Of The Day as froth lifts Alzheimer's names, including rivals like Biogen and Cassava Sciences.
Biogen (BIIB) Up on New Data From Phase III Studies on Aduhelm
Fri, 12 Nov 2021 15:53:03 +0000
Biogen's (BIIB) Aduhelm significantly lowers plasma p-tau-181, a pathological hallmark of Alzheimer's disease, in phase III studies.
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