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Rant & Rave Blog

Buy It When It Gets Here: Topping Tail Plays Out Perfectly On Gilead Sciences (GILD)

Posted by Gareth Soloway Monday, September 11, 2017, 01:24PM ET

Read 444 times

After a monster surge of over 35% in the last few months, Gilead Sciences, Inc. (NASDAQ:GILD) put in a topping tail Friday. Topping tails are bearish technical signals alerting investors to likely price reversal. Sure enough, Gilead Sciences is falling today as the topping tail predicted. As an investor, I love Gilead Sciences, however the key is what entry price do I want to buy? The answer can be found in the stock chart. Once Gilead Sciences falls back to $76.50, it becomes a strong buy. There is a huge amount of technical support at that price.

 

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