Gilead Sciences $GILD Technical Update – Stock Traders Daily

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Gilead Sciences $GILD Technical Update

The Gilead Sciences (NASDAQ: GILD) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for GILD, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Neutral Neutral Neutral
P1 74.40 71.77 63.12
P2 75.37 77.23 72.33
P3 76.51 82.68 81.92

Long Term Trading Plans for GILD

September 5, 2018, 10:15 am ET

The Technical Summary and Trading Plans for GILD help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GILD Report.

GILD – (Long) Support Plan

Buy over 72.33 target 81.92 stop loss @ 72.07.
The technical summary data tells us to buy GILD near 72.33 with an upside target of 81.92. This data also tells us to set a stop loss @ 72.07 to protect against excessive loss in case the stock begins to move against the trade. 72.33 is the first level of support below 74.125 , and by rule, any test of support is a buy signal. In this case, support 72.33 is being tested, a buy signal would exist.

GILD – (Short) Resistance Plan

Short under 81.92 target 72.33 stop loss @ 82.18
The technical summary data is suggesting a short of GILD as it gets near 81.92 with a downside target of 72.33. We should have a stop loss in place at 82.18 though. 81.92 is the first level of resistance above 74.125, and by rule, any test of resistance is a short signal. In this case, if resistance 81.92 is being tested, a short signal would exist.

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