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After Yesterday's Rally of 1.70% Shares Could Potentially Pullback

By Nick Russo

Gilead Sciences (NASDAQ:GILD) traded in a range yesterday that spanned from a low of $63.78 to a high of $64.49. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $63.40 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Gilead Sciences has traded in a range of $60.32 to $77.39 and is now at $64.33, 7% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

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: rebounders Gilead Sciences

Ticker(s): GILD