Gilead Sciences Offering Possible 5.93% Return Over the Next 22 Calendar Days

Gilead Sciences's most recent trend suggests a bullish bias. One trading opportunity on Gilead Sciences is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 5.93% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock dropped below the $60.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Gilead Sciences is bullish and the probability of a rise 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 73.22 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Gilead Sciences

Your game plan for next week
Fri, 25 Oct 2013 22:00:00 GMT
CNBC – Looking ahead to which companies are reporting earnings next week, with Mad Money host Jim Cramer. Apple reports Monday, and LinkedIn and Yelp report Tuesday.

FDA panel backs Gilead Sciences' hepatitis C drug
Fri, 25 Oct 2013 20:48:20 GMT

FDA panel backs Gilead Sciences' hepatitis C drug
Fri, 25 Oct 2013 20:48:20 GMT
AP – Food and Drug Administration advisers on Friday unanimously voted in favor of a highly anticipated hepatitis C drug from Gilead Sciences that holds promise for millions of Americans infected with the liver-destroying …

InPlay: Gilead Sciences confirms FDA Advisory Committee supports approval of sofosbuvir for chronic hepatitis C infection
Fri, 25 Oct 2013 20:46:44 GMT

FDA Advisory Committee Supports Approval of Gilead’s Sofosbuvir for Chronic Hepatitis C Infection
Fri, 25 Oct 2013 20:43:00 GMT
Business Wire – Gilead Sciences, Inc. today announced that the Antiviral Drugs Advisory Committee of the U.S. Food and Drug Administration has voted unanimously that the available data support approval of the once-daily nucleotide analogue sofosbuvir in combination with ribavirin for the treatment of chronic hepatitis C in adult patients with genotype 2 and 3 infection.

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