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Gilead Sciences, Inc. Shs Cert Deposito Arg Repr 1/4 ShGilead Sciences, Inc. Shs Cert Deposito Arg Repr 1/4 ShGilead Sciences, Inc. Shs Cert Deposito Arg Repr 1/4 Sh

Gilead Sciences, Inc. Shs Cert Deposito Arg Repr 1/4 Sh

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Trade ideas

GILD Bearish bounce off $76 resistance levelThe bearish DailyPlay we chose for Tuesday, April 24th is Gilead (GILD). GILD recently bounced lower off its $76 resistance level and trends have turned bearish with weak moneyflow. Look for a continuation lower towards $69 support level as our target. We suggest using put vertical spreads to take a bearish view with limited risk. OptionsPlay Example: GILD Jun 01 67.5/75 Put Vertical @ $276 - View this Trade: app.optionsplay.com Cost: $276 Max Reward: $474 Max Risk: $276 POP: 45.20% Breakeven: $72.24 As a stop loss, if GILD was to trade above $76 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
NASDAQ:GILDShort
by OptionsPlay