quantguy
Long

Can Gilead Beat the Markets?

NASDAQ:GILD   GILEAD SCIENCES INC
As of March 3rd, Gilead earned a 'buy' rating from Citigroup             as verified by the link. It is true that GILD should have performed better after earnings as has been historically demonstrated, but it took a beating with the overall index but failed to share in the rebound. Personally, I think this is a good thing, for you'll note from my previous post here previous post that this is nothing but a massive short covering rally, just like we are seeing with oil            

The good news is that we seem to see see a nice breakout to the upside from the consolidation in terms of a bull triangle. We are not out of the woods yet, as we face resistance from the ichimoku cloud overhead and a neighboring fibonacci level at about $90.30.

In fact, the level mentioned above would make a great stop buy order to enter the trade, and clearly that strong level of support at $87.22 would serve as a good stop loss. The subsequent levels after $90.30 make perfect profit targets.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out