A look at Gilead Sciences Inc. — The bulls continue to run.
Gilead Sciences Inc. ($GILD) averages are at $78.63 (21 day SMA), $75.68 (50 day SMA), $63.67 (200 day SMA). Over the past 52 weeks GILD has traded from a low of $40.16 to a high of $84.40. GILD was last at $80.44 on a volume of 4,541,700. Average daily volume has been at 11,675,330.
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Gilead (GILD) has been bouncing along the 50-day moving average since July of 2012. This has been a very reliable technical support level that currently stands at $75.80. The steady uptrend remains intact after a successful test of that key moving average on Friday, February 7th. The stock is currently at $80.35 — just 6% above support. If you trade using chart analysis for a long-term bullish position, a stop that’s above 8% below current stock price levels would generate a prudent risk/reward profile.
Gilead Sciences, Inc. is a research-based biopharmaceutical company that discovers, develops and commercializes new medicines for different medical sectors.
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