Gilead Sciences Offering Possible 10.13% Return Over the Next 25 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 $70.00 short put and a strike $65.00 long put offers a potential 10.13% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 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 $65.00 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 77.45 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Gilead Sciences

New Hepatitis C Drug Success Should Drive Gilead Sciences In 2014
Tue, 26 Nov 2013 20:48:40 GMT
Seeking Alpha – Gilead Sciences ( GILD ), a biopharmaceutical research company, indeed has traits of a growth stock. Gilead Sciences reported $9.7 billion in sales for the 2012 fiscal year. In the last three fiscal years, …

3 Can't-Miss FDA Actions Coming in December
Tue, 26 Nov 2013 20:34:01 GMT
Motley Fool – Just because it's nearly December doesn't mean the FDA or pharmaceutical sector takes the month off. Make sure you circle these three critical dates on your calendar, as the FDA is about to make three …

Today's Market: These Stocks Will Push Nasdaq To All-Time Highs
Tue, 26 Nov 2013 16:00:49 GMT
Seeking Alpha – The Nasdaq broke above the 4,000 point level yesterday but was unable to hold the gains late in the session. It appears the market will make another go at closing above that milestone today and all eyes …

Intel, Gilead Top the Hedge-Fund ‘Short' List
Mon, 25 Nov 2013 18:54:00 GMT
Barrons.com – Hedge funds are responsible for an estimated 85% of bearish shorts on single stocks, ETFs and indexes. That's according to Goldman Sachs, which just put out its list of “very important short positions” …

Johnson & Johnson Wins Hep C Battle, but War Doesn't Look Good
Mon, 25 Nov 2013 18:36:05 GMT
Motley Fool – Johnson & Johnson beats Gilead Sciences to deliver the first next-generation hepatitis C drug approved in the U.S., but a battle with Vertex Pharmaceuticals' and Merck's first-generation drugs will be …

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