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Gilead Sciences (GILD) Breaks Through Support at $65.27

By Amy Schwartz

Shares of Gilead Sciences (NASDAQ:GILD) have bearishly opened below the pivot of $65.60 today and have reached the first support level of $65.27. Investors may be interested in a cross of the next downside pivot targets of $64.81 and $64.02.

Potential upside of 32.5% exists for Gilead Sciences, based on a current level of $64.93 and analysts' average consensus price target of $86.00. The stock should run into initial resistance at its 50-day moving average (MA) of $66.77 and subsequent resistance at its 200-day MA of $70.99.

In the past 52 weeks, shares of Gilead Sciences have traded between a low of $60.32 and a high of $82.72 and are now at $64.93, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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: pivot alerts Gilead Sciences

Ticker(s): GILD