Gilead Sciences Offering Possible 10.13% Return Over the Next 24 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 $65.00 short put and a strike $60.00 long put offers a potential 10.13% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock dropped below the $60.00 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 at 69.56 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Gilead Sciences

The Race Is On for the Next Big Hepatitis C Therapy
Thu, 24 Oct 2013 01:26:29 GMT
Motley Fool – Johnson & Johnson and Gilead expect FDA approvals of new hepatitis C treatments this week.

Gilead Sciences
Wed, 23 Oct 2013 22:47:00 GMT
Investor's Business Daily – All Business Briefs

Gilead Sciences hepatitis C drug gets thumbs up from FDA
Wed, 23 Oct 2013 16:24:26 GMT

FDA issues positive review for Gilead's hep C drug
Wed, 23 Oct 2013 16:20:13 GMT

FDA issues positive review for Gilead's hep C drug
Wed, 23 Oct 2013 16:20:13 GMT
AP – The Food and Drug Administration issued a positive review Wednesday for a highly anticipated hepatitis C drug from Gilead Sciences, saying the pill cures more patients in less time than currently available …

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