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Gilead Sciences Crosses Above its 10-day MA (GILD)

By Nick Russo

Today, shares of Gilead Sciences (NASDAQ:GILD) have advanced above their 10-day MA of $80.17 on a volume of 2.2 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Gilead Sciences have traded between a low of $63.76 and a high of $89.54 and are now at $80.28, which is 26% above that low price. 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 is tracking the current trend status for Gilead Sciences and will alert subscribers who have GILD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Gilead Sciences

Ticker(s): GILD