GILEAD SCIENCES INC
(GILD-Nasdaq):
Technical Viewpoint: From a low
of $30.75 on Aug 9, 2004 prices
rallied, reaching a
high of $35.92
on Sep 3, 2004. A
decline saw prices pull back, reaching a
low of
$33.88 on Sep 8, 2004.
Another rally saw prices penetrate
resistance, closing 9/17/04
at $36.89. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 12, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $35.38. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 3, 2004. A P&F upside
reversal takes place at $35.50. Summary: Technical indicators have turned bullish. BUY! GILEAD SCIENCES INC
(GILD-Nasdaq) @ $37.13 Stop: Use a protective stop of $35.13.
GILEAD SCIENCES INC is currently trading @ $36.89 plus $1.05 on Sep 17, 2004. Price Objective:
$49.75. Risk/Reward: $2.00 VS. $12.62. Today's Risk Reward Ratio: 6:1
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