Higher Lows And Higher Highs Bullish For Gilead Sciences, Inc. Long

Gilead Sciences, Inc.NASDAQ

Description

⋅ Jan 19, 2017 4:18 PM

Shares of Gilead Sciences, Inc. (NASDAQ:GILD) continue to hover around 52 week lows. However, there is light at the end of the tunnel for investors who are long. Gilead Sciences has been making higher lows and higher highs over the last month. This is extremely bullish in spite of soon-to-be President Donald Trump bashing drug prices. As long as the stock does not make a lower low, it is a strong buy at its current price of $72.13.

Comments

Mattyboy69usa

⋅ Jan 23, 2017 1:39 AM

Stay nimble often when a level breaks it is the final F- you candle and then stocks often rip opposite direction.

kwlester4

⋅ Jan 20, 2017 11:36 PM

Thoughts after today?

zlking23

⋅ Jan 20, 2017 3:51 PM

what is the stop point?

moneycat8

⋅ Jan 20, 2017 5:33 PM

@zlking23, i would have considered 70.84 the last stand and we broke that few minutes ago...hard to be bullish now.

zlking23

⋅ Jan 20, 2017 5:50 PM

@moneycat8, thanks

moneycat8

⋅ Jan 20, 2017 6:17 PM

@zlking23, to be fair, if you are a long term investor, i do think the bottom is a only a few months out.

zlking23

⋅ Jan 20, 2017 7:05 PM

@moneycat8, now the PE Ratio (TTM) 6.56 I think it is time to buy .

moneycat8

⋅ Jan 20, 2017 2:13 PM

i probably would not describe it as extremely bullish...still in down trend...if it breaks the low, it becomes instantly bearish.

kwlester4

⋅ Jan 20, 2017 1:11 AM

Picked it up in after hours today. Hopefully we see it hold support tomorrow.