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Gilead Sciences Rises 1.67% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Gilead Sciences (NASDAQ:GILD) traded in a range yesterday that spanned from a low of $70.40 to a high of $71.86. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $71.03 on volume of 3.3 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 $63.76 to $88.85 and is now at $71.81, 13% above that low. The 200-day and 50-day moving averages have moved 0.62% lower and 0.14% lower over the past week, respectively.

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