Eli Lilly's most recent trend suggests a bearish bias. One trading opportunity on Eli Lilly is a Bear Call Spread using a strike $72.50 short call and a strike $77.50 long call offers a potential 9.41% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.50 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock rose above the $77.50 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 73.01 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Eli Lilly
Fri, 12 Dec 2014 00:00:00 GMT
Lilly Upgraded On 2 Potential Blockbuster Drugs
Thu, 11 Dec 2014 19:25:00 GMT
Broker's upgrade boosts Eli Lilly shares
Thu, 11 Dec 2014 18:02:19 GMT
Financial Times – Eli Lilly shares were buoyed by a brokerage upgrade on Thursday as Morgan Stanley analysts gained confidence over the drugmaker's product pipeline. Morgan Stanley raised its rating from “underweight” …
Will Eli Lilly (LLY) Stock be Helped Today by This Analyst Action?
Thu, 11 Dec 2014 13:53:00 GMT
Incyte (INCY) Gains on Positive Baricitinib Study Results
Wed, 10 Dec 2014 21:20:03 GMT
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