Gilead Sciences (GILD) Offering Possible 17.79% Return Over the Next 24 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 $120.00 short put and a strike $110.00 long put offers a potential 17.79% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $1.51 would be kept by the premium seller. The risk of $8.49 would be incurred if the stock dropped below the $110.00 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 74.12 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

Gilead Patent for Sovaldi Rejected in China, Shares Down – Analyst Blog
Mon, 22 Jun 2015 19:15:07 GMT

Where Can Mega-Drug Stock Gilead Sciences Go Now?
Mon, 22 Jun 2015 17:56:00 GMT

Billionaire Cooperman Isn’t Gambling With These Stocks Anymore
Mon, 22 Jun 2015 13:52:29 GMT

Weekend Market VIDEO: Apple, Stocks to Watch, and Biotech
Sun, 21 Jun 2015 19:19:07 GMT

China Rejects Gilead's Sovaldi Patent Application
Sat, 20 Jun 2015 18:38:13 GMT

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