Pullback and UpBeen following GILD for a while and missed the leg up after the consolidation. Now its the time to short for a small profit and then move to the other side of the trade for the leg up.Longby mrezaei0
Gilead Sciences - Channel breakout!Gilead Sciences has recently double-bottomed and rallied sluggishly for the past month. This week however, there is back-to-back good news for the former Wall Street darling. With the decline of their hepatitis C franchise, GILD has been expanding into oncology and bolstering their HIV pipelines to makeup for lagging sales in their once stellar hepatitis core-business. Just this week Kite, a recent Gilead acquisition, reported positive data in their phase I trial for Human Papillomavirus (HPV) related cancers and is in trials to expand the use their approved Yescarta CAR-T therapy from lymphoma to hematologic cancers. This poised Gilead for breakout of the down-channel it has been in following the acquisition of Kite, which was met with enthusiasm, and perhaps some over-exuberance from investors. Today, Gilead announced they have entered into a research collaboration and license agreement with Hookipa Biotech AG. Gilead will own exclusive rights to Hookipa's TheraT and Vaxwave arenavirus immunization technologies for hepatitis B virus (HBV) and human immunodeficiency virus (HIV). This gave the stock the momentum to break out of the down-channel with good volume today, finishing with a very strong candle on the daily chart. Look to enter positions on any profit taking after open tomorrow, but don't be afraid to buy into strength on this one. Channel resistance breakouts tend to break out to 100% of the size of the channel width. www.investopedia.com As such, I have cloned and placed the Chanel width to the break out point to arrive at my price target of $80, which is just above the 0.618 Fibonacci level. Fibonacci resistances tend to bend and snap back, allowing nimble traders or those with well placed limit-sell orders to take profits a few points higher, before a danger of rejection off the resistance line. As such, these are two indicators that the price will: 1) achieve the price target and 2) allow for profit taking and a slightly lower re-entry point for the swing traders or active traders bullish on Gilead. Stops can be placed fairly aggressively, as there should be good support at the point of the breakout, and if this fails, the breakout is invalidated. On the chart I have placed a stop at $69.30, though, if you enter this trade it is your responsibility to manage your position and risk. The engineered T-cell therapy has the potential to disrupt oncology. Gilead, with its massive war chest and history as a disruptive, industry-leader is well positioned to be at the forefront of this cancer treatment revolution. Please note, this is a short-term trading price target. The potential for Gilead to rally much higher is certainty there, that's what I note in the above paragraph that re-entering after a pullback from the channel breakout / 0.618 Fibonacci target. As always, the responsibility for managing your position is your own. I am not a financial adviser nor is any content in this post intended to be financial advice. The information presented is my opinion, based on tools I have learned from others sharing their opinions and my experience in the markets. I share these ideas to generate discussion and have others critique my analysis because, as always, I am still learning. With that in mind, the outcome could be quite different than what I am predicting and this is for informational purposes only. It should not be considered financial or investment advice of any kind. Readers should consult with a financial or investment professional to determine what may be best for their individual needs.Longby Bullish_Harambe2
too nice area for swing tradingGILD has been in a bear market lately, i think its time for a double bottom bounce!Longby adolphus531
GILD reporting this weekThe reaction ti earnings the past year not so good. BIIB this week was nothing to get excited about for sure. Biotech is definitely out of favor with declining avg weekly volumes in the sector. This is yet another example where up side earnings movement is likely to get sold into.by GUMBY9662C2
Earnings play - Long GILDEntry: $73.50 (options Call exp May 4). Bullish. 1st target: $76.26 2nd target: $79.17Longby capgainschristian110
GILEAD SCIENDCES INCNice buy and sell opportunity. Follow the instructions given on the chartby BeFinanceMateUpdated 4
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.Shortby OptionsPlay0
GILD BACK AT THE "RIGHT OR RIGHT OUT" LEVELGILD HAS MOVED BACK DOWN TO A LEVEL AT WHICH WE CAN BUY IT WITH A VERY CLOSE STOP. IT IS RESTING ON THE LOWER BOLLINGER BAND AND COULD EASILY SPRINGBOARD BACK TO $80-82 AREA. I FAVOR THE GILD 4/77.50 CALL BOUGHT TODAY @ $1.76...OZ Longby GreatWizeOz2
GILDWeekly chart. Like were GILD is. Will be looking to go long at bottom trend line.Longby live_wire112
GILD - Cup and handle... Get ready for a shot at over $100 per share as people look for safe haven as the market Corrects. SQQQ also a good option for the braves!Longby mazdakiUpdated 443
GILD - Selling Naked Puts$78 Feb 9th Puts executed at $2.10 L.T. bullish bias. GILD at support level. Time premium very high especially considering only 4 days till expiration. If price is ITM and shares are exercised, my buy price is $75.90. I can sell calls at that time &/or do a swing trade. D: -.4623 G: .1295 T: -.1534 IV%: 65% (versus 37.8%) W: Longby JLJ0025001
GIS - breaking out of falling wedge MonthlyGIS - breaking out of falling wedge MonthlyLongby micio334
Waiting for retest to buy & hodlSupply and Demand, Support and Resistance, Price Action, Price Pattern, Elliott Wave.Longby TieuLongFX2
Waiting for the breakoutThis has been coiling for a while. I'm waiting for a breakout.Longby BruceD9753
Giled Change of CharacterPrice broke from long downtrend and shaping up to move higher Stop Loss : 71.50 Immediate target is 82-86. Once that's taken out expect this to reach >100 by 2018 Longby harisribUpdated 3
fib retrace shortBased on the fibonacci retracement conducted at several points in time, I predict the stock will decrease Price target: 76.5 Stop loss: 75.75 Still learning Shortby TheHandsome920
GILD - Naked PutsI like the looks of GILD. I'm selling puts to collect premium and maybe enter long position if the option is exercised. 1M: 1W: by JLJ002500Updated 1
So many bearish set ups developingWatching for H&S breakdown to confirm. Targets given in VIP room. Join us and get many great stock and option picks. @classicoptionsShortby classicoptions0
head and shoulders the pattern are confirmed Price target between 76.60 and 74.30 good luck.Shortby Muhammed-AlRefaiUpdated 1