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Gilead Sciences (GILD) Breaks Through Resistance at $65.56

By Amy Schwartz

Gilead Sciences (NASDAQ:GILD) has opened bullishly above the pivot of $65.37 today and has reached the first level of resistance at $65.56. Investors may be interested in a cross of the next upside pivot targets of $65.82 and $66.27.

Potential upside of 30.7% exists for Gilead Sciences, based on a current level of $65.79 and analysts' average consensus price target of $86.00. The stock should find resistance at its 200-day moving average (MA) of $69.29, as well as support at its 50-day MA of $65.00.

Over the past year, Gilead Sciences has traded in a range of $60.32 to $79.61 and is now at $65.79, 9% 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 0.3%.

SmarTrend is monitoring the recent change of momentum in Gilead Sciences. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Gilead Sciences in search of a potential trend change.

Keywords: pivot alerts Gilead Sciences

Ticker(s): GILD