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

By David Diaz

Gilead Sciences (NASDAQ:GILD) crossed under its 10-day moving average of $66.35 on a volume of 1.2 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Gilead Sciences share prices have moved between a 52-week high of $123.37 and a 52-week low of $65.38 and are now trading 1% above that low price at $66.18 per share. 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 5.5%. 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