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Bearish Moving Average Cross by Gilead Sciences (GILD)

By Shiri Gupta

Today, shares of Gilead Sciences (NASDAQ:GILD) have crossed bearishly below their 10-day moving average of $77.62 on a volume of 712K shares. Swing traders may find 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 $63.76 and a high of $89.54 and are now at $77.40, which is 21% above that low price. The 200-day and 50-day moving averages have moved 0.08% lower and 1.13% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Gilead Sciences on June 5th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.00. Since that recommendation, shares of Gilead Sciences have risen 11.5%. 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