Gilead is heading to the all time high Gilead Sciences is one of the largest antiviral producers in the world. Covid 19 pandemic showed that the greatest threat to the existence of humanity comes from Viral infections not wars or other natural disasters.
Gilead has hundreds of untested patented antiviral agents that can helps in these kind of situations. Finding the cure for the hardest diseases like HIV, HCV and now Covid 19, is a good proof how strategic this company is.
Gilead fundamentally is strong too. More than 20B cash in the accounts speeds up the growth. They have bought 3 small cancer research companies in 3 months. In my opinion, Gilead has started a bulish longterm trend and with the help of Remdesivir sales it can reach the all time high.
I m long GILD and I will add to the position if it breaks the resistance at 78.
