Gilead Sciences may rise to 90.90 - 92.30

Our pivot point stands at 83.3.

Our preference

As long as 83.3 is support look for 90.9.

Alternative scenario

The downside breakout of 83.3 would call for 81.1 and 79.7.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 83.8805 and 79.4844). Finally, Gilead Sciences is trading above its upper Bollinger band (standing at 85.66).

Supports and resistances

93.6 **

92.3 *

90.9 **

89.5

86.14 (USD-last)

84.2

83.3 **

81.1 *

79.7 **

Number of asterisks represents the strength of support and resistance levels.