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Bearish Moving Average Cross by Gilead Sciences (GILD)

By Amy Schwartz

Gilead Sciences (NASDAQ:GILD) crossed under its 10-day moving average of $67.96 on a volume of 827K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Gilead Sciences share prices have been bracketed by a low of $60.32 and a high of $79.61 and are now at $67.43, 12% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Gilead Sciences on June 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $66.39. Since that recommendation, shares of Gilead Sciences have risen 3.1%. We continue to monitor GILD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Gilead Sciences

Ticker(s): GILD