Gilead Sciences (GILD) Offering Possible 29.2% Return Over the Next 12 Calendar Days

Gilead Sciences's most recent trend suggests a bearish bias. One trading opportunity on Gilead Sciences is a Bear Call Spread using a strike $108.00 short call and a strike $113.00 long call offers a potential 29.2% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $108.00 by expiration. The full premium credit of $1.13 would be kept by the premium seller. The risk of $3.87 would be incurred if the stock rose above the $113.00 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 66.8 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Gilead Sciences

[$$] Gilead Near Deals for Lower-Cost Hepatitis C Drug
Mon, 08 Sep 2014 21:46:26 GMT

OncoMed's Shares Gain on Lifting of Partial Clinical Hold
Mon, 08 Sep 2014 21:00:03 GMT

Novartis (NVS) Presents Positive Data on Ultibro Breezhaler
Mon, 08 Sep 2014 20:05:06 GMT

Bayer/Regeneron Looking for Eylea Label Expansion in Japan
Mon, 08 Sep 2014 19:45:02 GMT

Can anything slow Gilead down? Analysts say no
Mon, 08 Sep 2014 19:12:38 GMT

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