Eli Lilly (LLY) Offering Possible 11.11% Return Over the Next 32 Calendar Days

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 11.11% return on risk over the next 32 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 $0.50 would be kept by the premium seller. The risk of $4.50 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 60.07 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Eli Lilly

Lilly's CYRAMZA® (ramucirumab) Receives Third FDA Approval
Tue, 16 Dec 2014 19:56:27 GMT
noodls – CYRAMZA is the first treatment approved in the U.S. for use in combination with docetaxel in second-line metastatic non-small cell lung cancer Dec 16, 2014 2:46pm INDIANAPOLIS , Dec. 16, 2014 /PRNewswire/ …

2:47 pm Eli Lilly has received its third FDA approval for CYRAMZA
Tue, 16 Dec 2014 19:47:00 GMT

Lilly's CYRAMZA® (ramucirumab) Receives Third FDA Approval
Tue, 16 Dec 2014 19:46:00 GMT
PR Newswire – INDIANAPOLIS, Dec. 16, 2014 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) has received its third U.S. Food and Drug Administration (FDA) approval for CYRAMZA ® (ramucirumab). Specifically, CYRAMZA …

Highfields Capital reduces its position in Eli Lilly & Co.
Tue, 16 Dec 2014 17:00:09 GMT

Eli Lilly bumps up dividend for first time since 2009
Tue, 16 Dec 2014 15:45:06 GMT

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