Gilead Sciences's most recent trend suggests a bearish bias. One trading opportunity on Gilead Sciences is a Bear Call Spread using a strike $101.00 short call and a strike $106.00 long call offers a potential 16.82% return on risk over the next 4 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $101.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock rose above the $106.00 long call 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 down which suggests that the medium-term momentum for Gilead Sciences is bearish.
The RSI indicator is at 23.77 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
Is The Biotechnology Bubble Turning Into Mania?
Sun, 15 Mar 2015 16:07:00 GMT
New market for liver disease spawns race for better testing
Sun, 15 Mar 2015 12:00:00 GMT
Reuters – As drugmakers develop new medicines to battle a liver disease epidemic, they have created an urgent need for better diagnostics to select patients for treatment and assess their drugs' effectiveness. About 30 percent of people in the U.S. now suffer from fatty liver diseases, such as NASH (nonalcoholic steatohepatitis), fueled by obesity, diabetes and over-indulgent lifestyles, according to the American Liver Foundation. For now, testing patients in trials of experimental medicines involves a liver biopsy, a painful, expensive and potentially risky test. “It's a pretty nasty test involving a needle five inches long you plunge blindly into a patient's side,” said Dr. Scott Friedman, dean of therapeutic discovery at Mt. Sinai Hospital in New York and one of the world's top liver disease experts.
Bristol-Myers Seeks Daclatasvir Approval in the U.S. – Analyst Blog
Fri, 13 Mar 2015 20:45:08 GMT
Analyst Sees Upside To Outlook At 4 Biotechs
Fri, 13 Mar 2015 18:44:53 GMT
Billionaire Julian Robertson’s Long Term Stock Picks
Fri, 13 Mar 2015 15:58:58 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook