An obvious choice this morning is Eli Lilly and Company Stock (LLY) which is down big as data from their study of their Alzheimer drug, donanemab were quite disappointing. The stock had surged on the back of results from Biogen (BIIB) and their Alzheimer drug which received FDA approval this week. Basically the stock is returning to the range where it should be trading until next earnings.
Here are two trades setup today.
The rest of this trade alert and ideas article is for FullyInformed Members.
Eli Lilly Stock (LLY) – 1st Trade Alert and Idea for Fri Jun 11 2021
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.