Gilead Sciences (GILD) Offering Possible 8.23% 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 $77.50 short put and a strike $72.50 long put offers a potential 8.23% 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 $77.50 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 would be incurred if the stock dropped below the $72.50 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 78.65 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Gilead Sciences

Story Stocks from Briefing.com
Mon, 12 May 2014 11:27:48 GMT

1:54 am Gilead Sciences reports results from Phase 2 study showing reduction in atrial fibrillation burden with the investigational combination of Ranolazine and low-dose Dronedarone
Mon, 12 May 2014 05:54:00 GMT

New Zealand/Australia Morning Call-Global markets
Sun, 11 May 2014 19:17:01 GMT

Gilead announces results of HARMONY study showing reduction in AFB
Sun, 11 May 2014 18:38:59 GMT

Gilead Announces Results from Phase 2 Study Showing Reduction in Atrial Fibrillation Burden with the Investigational Combination of Ranolazine and Low-Dose Dronedarone
Sat, 10 May 2014 17:30:00 GMT
Business Wire – Gilead Sciences, Inc. today announced results from HARMONY, a randomized, double-blind, placebo-controlled Phase 2 study evaluating the effect of ranolazine and low-dose dronedarone, each given alone and in combination, on atrial fibrillation burden in patients with paroxysmal atrial fibrillation .

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