GILD Stock Breakout Potential
By Johns Wu on Nov 01, 2006
GILD, Gilead Sciences Corp, is trading near alltime highs and is setting up for a possible breakout above $70 weak resistance.
I like the momentum in GILD stock.
This entry was posted on Wednesday, November 1st, 2006 at 2:03 am and is filed under Annotated Analysis.
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RE: Gild, The last 2 days we have had more sellers than buyers and the macd and stochastic are turning over the last several days. With a $2 drop today and being so oversold. Not to metion that the insiders have been selling like crazy. Do you really think that insiders would be selling so much if they thought it would break out. I will be real surprized if it doesn’t break down through both $64 and $62 support in the next few days to weeks. What are you seeing that give you hope with the PE so out of wack too.
Thank you for your feedback and insight.
K