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dsorchestra90
Jan 26, 2017 6:06 PM

Gilead- Short Short

Gilead Sciences, Inc.NASDAQ

Description

Current Support: 69-70
Near-Term support: 63

I like Gilead for fundo reasons (massive FCF) but the market is correctly worried about declining hep c revenues and the lack of a transformative acquisition. The trend is clearly down with regards to price, MACD, and RSI. RSI trend-line needs to reverse in order for price to appreciate in my view.
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