Gilead Sciences Offering Possible 31.23% Return Over the Next 24 Calendar Days

Gilead Sciences's most recent trend suggests a bearish bias. One trading opportunity on Gilead Sciences is a Bear Call Spread using a strike $82.50 short call and a strike $87.50 long call offers a potential 31.23% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $82.50 by expiration. The full premium credit of $1.19 would be kept by the premium seller. The risk of $3.81 would be incurred if the stock rose above the $87.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Gilead Sciences is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Gilead Sciences is bearish.

The RSI indicator is at 67.62 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Gilead Sciences

GILEAD SCIENCES INC Files SEC form 8-K, Change in Directors or Principal Officers
Wed, 29 Jan 2014 17:56:37 GMT

Is Gilead Sciences, Inc. Getting Too Greedy?
Tue, 28 Jan 2014 23:02:21 GMT
Motley Fool – Gilead is taking some heat for its $84,000 drug Sovaldi. Is the biotech greedy — or just trying to earn a fair profit from its investment?

Gilead Sciences to Release Fourth Quarter and Year End 2013 Financial Results on Tuesday, February 4, 2014
Tue, 28 Jan 2014 22:00:00 GMT
Business Wire – Gilead Sciences, Inc. announced today that its fourth quarter and year end 2013 financial results will be released on Tuesday, February 4, at 4:05 p.m. Eastern Time. At 4:30 p.m.

Beware the dead-cat bounce
Tue, 28 Jan 2014 18:24:48 GMT
MarketWatch – The major U.S. stock benchmarks have turned sharply lower following a 30% single-year rally. Against this backdrop, significant technical damage has been inflicted, and the intermediate-term market bias …

Midday movers: Apple, Facebook, Waters & More
Tue, 28 Jan 2014 17:04:31 GMT
CNBC – Take a look at some of Tuesday's midday movers:

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