Eli Lilly's most recent trend suggests a bullish bias. One trading opportunity on Eli Lilly is a Bull Put Spread using a strike $100.00 short put and a strike $90.00 long put offers a potential 5.93% 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 $100.00 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $9.44 would be incurred if the stock dropped below the $90.00 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 43.42 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Eli Lilly
This is Why Eli Lilly (LLY) is a Great Dividend Stock
Tue, 15 Oct 2019 13:15:01 +0000
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Eli Lilly (LLY) have what it takes? Let's find out.
52-Week Company Lows
Mon, 14 Oct 2019 15:24:37 +0000
Eli Lilly and Co., DuPont de Nemours, Simon Property Group, EOG Resources, Occidental Petroleum, and Carnival Corp. Continue reading…
Lilly Gets FDA Approval for New Oral Tablets for Migraine
Mon, 14 Oct 2019 14:14:02 +0000
Eli Lilly (LLY) gets FDA approval for lasmiditan oral tablets to treat acute migraine in adults.
Eli Lilly Stock Gets 2 Pieces of Good News
Mon, 14 Oct 2019 13:03:00 +0000
The FDA approval of Eli Lilly’s migraine drug, Reyvow, and some promising data are giving Eli Lilly a lift.
New Sanofi CEO Looks to Shake Things Up
Sun, 13 Oct 2019 21:15:42 +0000
Paul Hudson is examining the organization from top to bottom with the goal of developing a strategy to put the company on the road to success Continue reading…
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