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Bullish Moving Average Cross by Gilead Sciences (GILD)

By David Diaz

Gilead Sciences (NASDAQ:GILD) shares have crossed bullishly above their 10-day moving average of $79.63 on a volume of 1.9 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Gilead Sciences has traded in a range of $77.92 to $123.37 and is now at $80.03, 3% above that low. 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