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Gilead Sciences Bullish Moving Average Crossover Alert (GILD)

By James Quinn

Gilead Sciences (NASDAQ:GILD) shares have crossed bullishly above their 10-day moving average of $64.93 on a volume of 3.2 million shares. This may provide short-term investors a chance 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 $63.88 to $123.37 and is now at $66.40, 4% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.6%.

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 8.1%. 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