Gilead Sciences may rise to 85.20 - 87.80

Our pivot point stands at 71.

Our preference

The upside prevails as long as 71 is support.

Alternative scenario

The downside breakout of 71 would call for 66.9 and 64.3.

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 above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 70.359 and 67.748). Finally, Gilead Sciences is trading above its upper Bollinger band (standing at 75.7).

Supports and resistances

90.4 **

87.8 *

85.2 **

82.5

76.53 (USD-last)

72.7

71 **

66.9 *

64.3 **

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