Eli Lilly's most recent trend suggests a bullish bias. One trading opportunity on Eli Lilly is a Bull Put Spread using a strike $131.00 short put and a strike $126.00 long put offers a potential 29.2% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $131.00 by expiration. The full premium credit of $1.13 would be kept by the premium seller. The risk of $3.87 would be incurred if the stock dropped below the $126.00 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 above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for Eli Lilly
Lilly to Participate in J.P. Morgan Healthcare Conference
Thu, 02 Jan 2020 21:30:00 +0000
Eli Lilly and Company (NYSE: LLY) will participate in the 38th Annual J.P. Morgan Healthcare Conference on Tuesday, January 14, 2020. David A. Ricks, Lilly's chairman and chief executive officer, will participate in a fireside chat at 5:30 p.m. Eastern time.
Novo Nordisk: A Rare Case of Pharma With Balanced Risk and Reward
Thu, 02 Jan 2020 16:53:37 +0000
A strategic focus, dominant positions and secular growth opportunities outweigh the general pipeline risk Continue reading…
These 5 Pharma Stocks Are Leading The Group Heading Into 2020
Thu, 02 Jan 2020 16:00:07 +0000
Pharmaceutical stocks rose a single-digit percentage 2019, trailing their biotech brethren. Still, there are standout companies among the industry group.
3 Reasons Why You Should Buy Eli Lilly (LLY) Stock in 2020
Thu, 02 Jan 2020 14:37:02 +0000
Here are three reasons, which investors may consider while investing in Lilly's (LLY) stock.
Biotech Stocks Are On Fire — Who's Leading The Profit Pack For 2020?
Thu, 02 Jan 2020 13:00:28 +0000
The best biotech companies to invest in tend to have a commonality: a strong streak of earnings growth.
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