Gilead Sciences's most recent trend suggests a bearish bias. One trading opportunity on Gilead Sciences is a Bear Call Spread using a strike $106.00 short call and a strike $111.00 long call offers a potential 28.53% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $106.00 by expiration. The full premium credit of $1.11 would be kept by the premium seller. The risk of $3.89 would be incurred if the stock rose above the $111.00 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 51.37 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
Salix, Actavis Among Big Cap Pharmas In Merger Mambo
Tue, 07 Oct 2014 23:33:00 GMT
Gilead Sciences: Here Comes the Competition
Tue, 07 Oct 2014 17:04:00 GMT
Bristol-Myers Pulls FDA Filing For 2-Drug Hep C Combo
Tue, 07 Oct 2014 15:13:00 GMT
Will Biotech Beat This Earnings Season?
Mon, 06 Oct 2014 16:38:00 GMT
Gilead Among Top IBD 50 Stocks Heading Into Earnings
Sat, 04 Oct 2014 12:02:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook