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Gilead Sciences (GILD) Breaks Through Resistance at $73.30

By Amy Schwartz

Shares of Gilead Sciences (NASDAQ:GILD) opened today above their pivot of $72.80 and have already reached the first level of resistance at $73.30. Investors may be interested in a cross of the next upside pivot targets of $73.95 and $75.10.

Potential upside of 71.7% exists for Gilead Sciences, based on a current level of $73.27 and analysts' average consensus price target of $125.80. Gilead Sciences shares should first meet resistance at the 50-day moving average (MA) of $92.98 and find additional resistance at the 200-day MA of $100.22.

In the past 52 weeks, Gilead Sciences share prices have been bracketed by a low of $72.21 and a high of $123.37 and are now at $73.27, 1% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.

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