Gilead Sciences may rise to 75.40 - 77.60

Our pivot point stands at 65.3.

Our preference

The upside prevails as long as 65.3 is support.

Alternative scenario

The downside breakout of 65.3 would call for 61.7 and 59.6.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 66.053 and 66.0618).

Supports and resistances

79.7 **

77.6 *

75.4 **

73.3

68.61 (USD-last)

66.7

65.3 **

61.7 *

59.6 **

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