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Gilead Sciences Set to Possibly Pullback After Yesterday's Rally of 1.25%

By Shiri Gupta

Gilead Sciences (NASDAQ:GILD) traded in a range yesterday that spanned from a low of $81.12 to a high of $82.71. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $81.34 on volume of 3.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Gilead Sciences have traded between a low of $63.76 and a high of $89.54 and are now at $82.28, which is 29% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.

Keywords: rebounders Gilead Sciences

Ticker(s): GILD