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SmarTrend Watching for Potential Pullback in Shares of Gilead Sciences After 1.70% Gain

By James Quinn

Gilead Sciences (NASDAQ:GILD) traded in a range yesterday that spanned from a low of $63.78 to a high of $64.49. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $63.40 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Gilead Sciences have traded between a low of $60.32 and a high of $77.39 and are now at $64.33, which is 7% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

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