Gilead Sciences (GILD) Offering Possible 6.38% Return Over the Next 8 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 $86.00 short put and a strike $81.00 long put offers a potential 6.38% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $86.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $81.00 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 above 80 which suggests that the stock is in overbought territory.

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

[$$] Senate Committee Is Investigating Pricing of Hepatitis C Drug
Sat, 12 Jul 2014 02:58:40 GMT

France Not Retreating from Gilead Sciences
Fri, 11 Jul 2014 21:46:12 GMT

U.S. senators ask Gilead Sciences to explain high cost of hepatitis C drug
Fri, 11 Jul 2014 21:28:33 GMT

1 Drug More Important to Gilead Than Sovaldi
Fri, 11 Jul 2014 21:01:58 GMT

Gilead Faces New Pressure From U.S. Senators & Europe Over Hep C Pricing
Fri, 11 Jul 2014 19:21:19 GMT

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