Gilead Sciences's most recent trend suggests a bullish bias. One trading opportunity on Gilead Sciences is a Bull Put Spread using a strike $108.00 short put and a strike $103.00 long put offers a potential 31.93% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $108.00 by expiration. The full premium credit of $1.21 would be kept by the premium seller. The risk of $3.79 would be incurred if the stock dropped below the $103.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Gilead Sciences is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Gilead Sciences is bullish.
The RSI indicator is at 72.86 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Gilead Sciences
Analyst Recommendations for Celgene Before 3Q15 Earnings Release
Wed, 04 Nov 2015 01:06:00 GMT
Amgen’s Oncology Drugs Register Solid Growth In 3Q15
Tue, 03 Nov 2015 17:09:27 GMT
5 best dividend stocks to buy in November
Tue, 03 Nov 2015 16:29:54 GMT
How Gilead Sciences Is Strengthening Its Presence in HIV Segment
Tue, 03 Nov 2015 15:09:31 GMT
How Gilead Sciences Improved Access to HCV Drugs in 3Q15
Tue, 03 Nov 2015 13:08:03 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook