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Gilead Sciences Bullish Moving Average Crossover Alert (GILD)

By Shiri Gupta

Gilead Sciences (NASDAQ:GILD) shares have crossed bullishly above their 10-day moving average of $73.25 on a volume of 986K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Gilead Sciences share prices have moved between a 52-week high of $88.85 and a 52-week low of $63.76 and are now trading 15% above that low price at $73.36 per share. 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 recommended that subscribers consider buying shares of Gilead Sciences on June 22nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.87. Since that recommendation, shares of Gilead Sciences have risen 4.7%. 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