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Bearish Moving Average Cross by Gilead Sciences (GILD)

By Shiri Gupta

Today, shares of Gilead Sciences (NASDAQ:GILD) have fallen below their 10-day MA of $80.08 on a volume of 3.4 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.

In the past 52 weeks, shares of Gilead Sciences have traded between a low of $76.67 and a high of $123.37 and are now at $79.56, which is 4% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Gilead Sciences. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Gilead Sciences in search of a potential trend change.

Keywords: moving crosses Gilead Sciences

Ticker(s): GILD