My Stock of the Day: LLY

Eli Lilly (LLY) is the highest-yielding stock named in Wayne A. Thorp’s splendid article for the American Association of Individual Investors (AAII). See the steady dividend payers identified  in Wayne’s article (in the screener in his article):

http://www.aaii.com/computerized-investing/article/screening-with-the-big-safe-dividend-formula

My 33-year (max) Yahoo chart for LLY suggests an appealing record of long up trends interrupted by relatively mild down or sideways trends See:

http://finance.yahoo.com/q/ta?s=LLY&t=my&l=on&z=l&q=l&p=m50%2Cm100%2Cm200&a=m26-12-9%2Cr14&c=

My 3-month chart shows recent up and down action with an excellent buying opportunity early in June 2013 and perhaps again soon.  The progress of LLY needs to be watched closely now by us bottom feeders. See:

http://finance.yahoo.com/q/ta?s=LLY&t=3m&l=on&z=l&q=l&p=m20%2Cm50%2Cm100&a=m26-12-9%2Cr14&c=

Never forget: All investments and savings are gambles on the unknowable future and thus subject to loss.

For lots more on becoming a DIY portfolio manager, do visit my website:

http://balliettinvestor.blogspot.com