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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 $76.76 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Gilead Sciences has traded in a range of $63.76 to $89.54 and is now at $76.40, 20% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

SmarTrend is tracking the current trend status for Gilead Sciences and will alert subscribers who have GILD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Gilead Sciences

Ticker(s): GILD