Eli Lilly (LLY) Offering Possible 21.36% Return Over the Next 16 Calendar Days

Eli Lilly's most recent trend suggests a bullish bias. One trading opportunity on Eli Lilly is a Bull Put Spread using a strike $130.00 short put and a strike $125.00 long put offers a potential 21.36% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $130.00 by expiration. The full premium credit of $0.88 would be kept by the premium seller. The risk of $4.12 would be incurred if the stock dropped below the $125.00 long put 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 up which suggests that the medium-term momentum for Eli Lilly is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for Eli Lilly

U.S. District Court Rules in Favor of Lilly in Alimta Vitamin Regimen Patent Lawsuit
Mon, 30 Dec 2019 18:09:00 +0000
Eli Lilly and Company (NYSE: LLY) today announced that the U.S. District Court for the Southern District of Indiana ruled in favor of Lilly that the Alimta® (pemetrexed for injection) vitamin regimen patent would be infringed by a competitor that had stated its intent to market alternative salt forms of pemetrexed prior to the patent's expiration in May 2022.

Lilly Opens Phase 3 Clinical Trial in RET-Mutant Medullary Thyroid Cancer
Mon, 30 Dec 2019 11:45:00 +0000
Eli Lilly and Company (NYSE: LLY) today announced the opening of the LIBRETTO-531 clinical trial [NCT04211337] for selpercatinib, also known as LOXO-292, for treatment-naïve RET-mutant medullary thyroid cancer (MTC) patients. This is the second Phase 3 trial to open for selpercatinib, a highly selective and potent, oral investigational new medicine in clinical development for the treatment of patients with cancers that harbor abnormalities in the rearranged during transfection (RET) kinase. Enrolled trial participants will be randomized to receive either selpercatinib or physician's choice of cabozantinib or vandetanib as initial treatment of their advanced or metastatic RET-mutant MTC.

Zacks.com featured highlights include: Genesco, Target, Eli Lilly, Pan American and ChannelAdvisor
Thu, 26 Dec 2019 15:38:03 +0000
Zacks.com featured highlights include: Genesco, Target, Eli Lilly, Pan American and ChannelAdvisor

Moving Average Crossover Alert: Eli Lilly and Company
Thu, 26 Dec 2019 15:33:03 +0000
Eli Lilly and Company (LLY) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Incyte (INCY) Surges 44% YTD on Jakafi's Strong Performance
Thu, 26 Dec 2019 14:13:02 +0000
Incyte (INCY) outperforms the industry year to date on strong Jakafi sales.

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