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Gilead Sciences Bearish Moving Average Crossover Alert (GILD)

By Shiri Gupta

Today, shares of Gilead Sciences (NASDAQ:GILD) have crossed bearishly below their 10-day moving average of $70.50 on a volume of 1.5 million shares. Swing traders may find 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 $88.85 and is now at $70.32, 10% above that low. Over the past week, 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