Gilead Sciences may rise to 75.90 - 78.00

62.2 is our pivot point.

Our preference

Our next up target stands at 75.9.

Alternative scenario

The downside breakout of 62.2 would call for 58.9 and 56.9.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the stock is above its 20 and 50 day moving average (respectively at 64.7235 and 65.8432). Finally, Gilead Sciences is trading above its upper Bollinger band (standing at 67.53).

Supports and resistances

80.2 **

78 *

75.9 **

73.8

68.49 (USD-last)

63.6

62.2 **

58.9 *

56.9 **

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