Gilead Sciences (GILD) Offering Possible 44.51% Return Over the Next 11 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 $99.00 short call and a strike $104.00 long call offers a potential 44.51% 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 $99.00 by expiration. The full premium credit of $1.54 would be kept by the premium seller. The risk of $3.46 would be incurred if the stock rose above the $104.00 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 27.06 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Gilead Sciences

3:18 am Gilead Sciences receives FDA appoval for Letairis with Tadalafil
Mon, 05 Oct 2015 07:18:00 GMT

5 Stocks We Bought Recently
Sun, 04 Oct 2015 17:20:00 GMT

U.S. Food and Drug Administration Approves New Treatment Combination of Gilead’s Letairis® with Tadalafil for Pulmonary Arterial Hypertension (WHO Group 1)
Fri, 02 Oct 2015 22:19:00 GMT
Business Wire – Gilead Sciences, Inc. today announced that the U.S. Food and Drug Administration has approved the use of Letairis® in combination with tadalafil for the treatment of pulmonary arterial hypertension to reduce the risks of disease progression and hospitalization for worsening PAH, and to improve exercise ability.

Drug pricing controversy lights up California ballot measure
Fri, 02 Oct 2015 21:40:09 GMT

Gilead, Valeant Downgraded; IBM, Dunkin' PTs Cut
Fri, 02 Oct 2015 20:54:00 GMT

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