Gilead Sciences Offering Possible 11.11% Return Over the Next 32 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 11.11% return on risk over the next 32 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 $0.50 would be kept by the premium seller. The risk of $4.50 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 38.69 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Gilead Sciences

European Approval for Gilead's Vitekta
Tue, 19 Nov 2013 15:40:05 GMT
Zacks – The EC cleared HIV drug Vitekta.

Gilead's HIV-1 Drug Wins Approval in Europe
Mon, 18 Nov 2013 21:52:05 GMT
Motley Fool – The European Commission grants marketing authorization to Vitekta.

Don't Crown the Hepatitis C Drug Winner Just Yet
Mon, 18 Nov 2013 21:44:07 GMT
Motley Fool – AbbVie and Gilead Sciences battle it out while Merck, Roche, and Vertex Pharmaceuticals are left in the dust. Enanta Pharmaceuticals wins if AbbVie wins because it helped develop part of AbbVie's drug …

AbbVie shares up on Hepatitis C results, but gains may be muted
Mon, 18 Nov 2013 20:39:00 GMT
MarketWatch – AbbVie Inc. shares were having a good day thanks to positive results from a Hepatitis C drug, but gains might have been muted due to rival Gilead still having the inside track on the market.

AbbVie Hepatitis C Treatment Shines In Latest Trials
Mon, 18 Nov 2013 18:06:00 GMT
Investor's Business Daily – AbbVie Hepatitis C Treatment Shines In Latest Trials

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