Gilead Sciences may rise to 80.00 - 82.00

Our pivot point is at 70.2.

Our preference

As long as 70.2 is support look for 80.

Alternative scenario

The downside breakout of 70.2 would call for 67 and 65.1.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is below its 20 day moving average (74.7155) but above its 50 day moving average (70.1572).

Supports and resistances

84 **

82 *

80 **

78.1

73.98 (USD-last)

71.4

70.2 **

67 *

65.1 **

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