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Bullish Moving Average Cross by Gilead Sciences (GILD)

By Shiri Gupta

Today, shares of Gilead Sciences (NASDAQ:GILD) have advanced above their 10-day MA of $67.68 on a volume of 2.3 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 $65.38 to $123.37 and is now at $68.08, 4% above that low. The 200-day and 50-day moving averages have moved 0.62% lower and 0.14% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Gilead Sciences on January 24th, 2017 by issuing a Downtrend alert when the shares were trading at $70.38. Since that call, shares of Gilead Sciences have fallen 4.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Gilead Sciences

Ticker(s): GILD