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SmarTrend Watching for Potential Pullback in Shares of Gilead Sciences After 1.67% Gain

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.

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.

Gilead Sciences share prices have moved between a 52-week high of $88.85 and a 52-week low of $63.76 and are now trading 13% above that low price at $71.81 per share. 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