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Rant & Rave Blog

Gilead Sciences Inc (NASDAQ:GILD) Retreats, Watch This Trade Level

Posted by Nick Santiago Thursday, September 28, 2017, 11:34AM ET

Read 1258 times

Today, leading biotechnology company Gilead Sciences Inc (NASDAQ:GILD) is trading lower by $2.24 to $81.62 a share. The stock is pulling back from an overbought condition on the charts. GILD stock put a recent high in the charts at $86.26 on September 8th. This tells me that the current decline in the stock should be just a minor fall. Traders and investors should watch the $75.50 - $76.00 level for major daily chart support. It should be noted that GILD stock broke out to the upside on August 30th around this area. This level should be a solid level for a bounce when it is retested.  

 

 

 

Nick Santiago

www.inthemoneystocks.com

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