Eli Lilly (LLY) Offering Possible 9.89% Return Over the Next 36 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 $65.00 short call and a strike $70.00 long call offers a potential 9.89% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $70.00 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 33.37 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

Lilly CEO Sees Light After a Difficult Year
Mon, 20 Oct 2014 05:34:08 GMT

Lilly Announces Plan to Realign Puerto Rico Manufacturing Operations
Thu, 16 Oct 2014 21:26:09 GMT
noodls – Manufacturing at Guayama will conclude while investments continue in Carolina Oct 16, 2014 2:30pm INDIANAPOLIS , Oct. 16, 2014 /PRNewswire/ –Eli Lilly and Company (NYSE: LLY) today announced plans to …

Lilly Announces Plan to Realign Puerto Rico Manufacturing Operations
Thu, 16 Oct 2014 18:30:00 GMT
PR Newswire – INDIANAPOLIS, Oct. 16, 2014 /PRNewswire/ — Eli Lilly and Company (LLY) today announced plans to conclude production and pursue a sale of one of its three manufacturing plants in Puerto Rico. The manufacturing site, located in Guayama, Puerto Rico, will remain in operation until the end of 2015. All of the approximately 100 full-time non-contracted employees currently working in Guayama will be offered employment at Lilly's Carolina (Puerto Rico) location. “The decision to conclude operations at Guayama is based upon the evolution of the company's pipeline, which includes a growing insulin and biologics portfolio, coupled with a less capacity-intensive small molecule portfolio,” said Paul Ahern, Ph.D., senior vice president of Global Active Pharmaceutical Ingredient and Dry Products Manufacturing.

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Wed, 15 Oct 2014 12:45:00 GMT

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Tue, 14 Oct 2014 17:10:00 GMT

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