Eli Lilly (LLY) Offering Possible 9.41% Return Over the Next 9 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 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.

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

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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