Gilead turns the page: from sell signal to fresh buy
Gilead Sciences rises 3.4% and confirms its double bottom with a fresh buy signal
Gilead turns the page: from sell signal to fresh buy
Our view last week
Gilead's shares had led a two-week rally — capped by the 2.7% bounce that carried them back to the double bottom in the 122 area — but this week sellers took back control: 80% of volume traded on the sell side, with the last bar dominated in extreme fashion. Price gave back just 1.1%, and the past 4 weeks of momentum keep improving: the sell signal, now in its 17th week, looks to have lost its original push.
This week's summary
Gilead Sciences' shares closed the week up 3.4%, confirming the double bottom in the 122 area with a 6% intermediate rebound. The sell signal that had been running for months has finally lost its push: in its place, a fresh buy signal just kicked in. The weekly technical analysis shows a bullish picture, though with some caution -- buyer dominance is fading and earnings are just around the corner.
IQS Phase
52
ordinary
Signal Strength
54
medium
Sizing
STANDARD
Ranking
#9 / 20
New us stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content