Eli Lilly (LLY) Offering Possible 14.16% Return Over the Next 23 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 $62.50 short put and a strike $57.50 long put offers a potential 14.16% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.50 by expiration. The full premium credit of $0.62 would be kept by the premium seller. The risk of $4.38 would be incurred if the stock dropped below the $57.50 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 78.75 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Eli Lilly

CHMP Recommends Lilly and Boehringer Ingelheim's Investigational New Insulin Glargine Product for Approval in the European Union
Fri, 27 Jun 2014 13:15:40 GMT
noodls – First biosimilar insulin to receive CHMP positive opinion in the EU Jun 27, 2014 8:00am INDIANAPOLIS and RIDGEFIELD, Conn., June 27, 2014 /PRNewswire/ — The Committee for Medicinal Products for Human …

8:04 am Eli Lilly: CHMP recommends Lilly and Boehringer Ingelheim's new insulin glargine product for approval in the European Union
Fri, 27 Jun 2014 12:04:00 GMT

CHMP Recommends Lilly and Boehringer Ingelheim's New Insulin Glargine Product for Approval in the European Union
Fri, 27 Jun 2014 12:00:00 GMT
PR Newswire – INDIANAPOLIS and INGELHEIM, Germany, June 27, 2014 /PRNewswire/ — The Committee for Medicinal Products for Human Use (CHMP) today issued a positive opinion recommending approval for the investigational compound LY2963016, a new insulin glargine product, for the treatment of type 1 and type 2 diabetes. The new insulin glargine product from Eli Lilly and Company and Boehringer Ingelheim is the first biosimilar insulin recommended for approval in the European Union (EU). Lilly/BI's insulin glargine is a basal insulin, which is intended to provide long-lasting blood sugar control between meals and at night, an integral part of glycemic control.1 It has the same amino acid sequence as Lantus® (insulin glargine) and was filed through the European Medicines Agency's (EMA) biosimilar pathway.

CHMP Recommends Lilly and Boehringer Ingelheim's Investigational New Insulin Glargine Product for Approval in the European Union
Fri, 27 Jun 2014 12:00:00 GMT
PR Newswire – INDIANAPOLIS and RIDGEFIELD, Conn., June 27, 2014 /PRNewswire/ — The Committee for Medicinal Products for Human Use (CHMP) today issued a positive opinion recommending approval for the investigational compound LY2963016, a new insulin glargine product, for the treatment of type 1 and type 2 diabetes. The new insulin glargine product from Eli Lilly and Company (LLY) and Boehringer Ingelheim is the first biosimilar insulin recommended for approval in the European Union (EU). Lilly/BI's insulin glargine is a basal insulin, which is intended to provide long-lasting blood sugar control between meals and at night, an integral part of glycemic control.1 It has the same amino acid sequence as Lantus® (insulin glargine) and was filed through the European Medicines Agency's (EMA) biosimilar pathway.

Lilly Wins EU Backing for Generic of Sanofi's Lantus
Fri, 27 Jun 2014 11:13:38 GMT

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