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Next Resistance Level for Gilead Sciences (GILD) is $76.29

By Nick Russo

Shares of Gilead Sciences (NASDAQ:GILD) opened today above their pivot of $75.31 and have already reached the first level of resistance at $75.75. Investors may be interested in a cross of the next upside pivot targets of $76.29 and $77.27.

In the past 52 weeks, shares of Gilead Sciences have traded between the current low of $0.00 and a high of $89.54 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.

Potential upside of 0.0% exists for Gilead Sciences, based on a current level of $0.00 and analysts' average consensus price target of $88.50. The stock should run into initial resistance at its 50-day moving average (MA) of $92.98 and subsequent resistance at its 200-day MA of $100.22.

SmarTrend recommended that its subscribers protect gains by selling shares of Gilead Sciences on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $78.76. Since that call, shares of Gilead Sciences have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts Gilead Sciences

Ticker(s): GILD