GILEAD SCIENCES INC
(GILD-Nasdaq):
Technical Viewpoint: From a low
of $51.66 on Nov 11, 2003 prices
rallied, reaching a
high of $61.36
on Dec 2, 2003. A
decline saw prices pull back, reaching a
low of
$55.20 on Dec 12, 2003.
Another rally saw prices penetrate
resistance, closing 1/7/04
at $62.34. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 18, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $57.50. Resistance: Is at $62.75.
Point & Figure: Reversed to the upside on Jan 7, 2004. A P&F upside
reversal takes place at $60.00. Summary: Technical indicators have turned bullish. BUY! GILEAD SCIENCES INC
(GILD-Nasdaq) @ $62.50 Stop: Use a protective stop of $60.13.
GILEAD SCIENCES INC is currently trading @ $62.34 plus $4.40 on Jan 7, 2004. Price Objective:
$75.00. Risk/Reward: $2.38 VS. $12.50. Today's Risk Reward Ratio: 5:1
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