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LLY STRONG BUY Price Support Pivot Point Resistance 71.88 69.68 71.30 73.52 BB : Basis, below line True S. Ind : Black Line Up RSI : 56 On Balanace Volume : up #forex #Nasdaq #stocks #Watches #news #charts #tips #stockmarket
Eli Lilly (LLY), a major pharmaceutical company, is perhaps the best example. Not many people found Eli Lilly attractive in late 2010 because its stock wasn’t going up. Ironically, the stock has been on a tear ever since, gaining 159% on a total return basis. As a result, Eli Lilly’s valuation is now sky-high. The following chart shows Eli Lilly’s enterprise value-to-EBITDA multiple and price-to-sales ratio over the past 10 years.
Glaxo Slides After Bernie Sanders Tweets Company "Put Patients At Risk To Increase Profits" Yesterday, Bernie Sanders slammed Eli Lilly stock after the former presidential candidate and Vermont Senator asked "why has the price of Humalog insulin gone up 700% in 20 years? It's simple. The drug industry's greed", sending LLY stock to 7 month lows.