GILD trade ideas
GILDI have been long on GILD since it touched the B2 point. I see a sort of morning star candle formation and a pseudo RSI bullish divergence.
Acciones de Gilead regaladasLas acciones de Gilead tienen un P/E de 7.33 cuando la media de la industria presenta un P/E de 25.5
GO LONG WITH REASONABLE SLResistance from 2014 holding as support, RSI oversold, MACD seems to turn bulish. I have take long position.
TP1 fro me 88-89, TP2 99 (technicaly 101/102 but I will step out sooner).
LABU +5,57
CELG +2,21
CNCE + 3,77
Poised for a tear.STOCH/RSI/MACD/Price action all show a high probability of a tear to the upside. Biotechs have been beat down of late...
GILEAD SCIENCEI just bought GILD agressively on a hammer candle on horizonthal support. This is an agressive trade. The stop loss is below $81.2
GILD - Valuation bargain, but technically awful. Future BUY NASDAQ:GILD has been a great investment and I believe it will continue to be a good company to own long term. The valuation using multiple methods is outstanding compared to it's peers. Fundamentally, the question has been regarding future growth. GILD will have to find new ways to generate future sales growth to replace the expected slower growth from it's hep C blockbusters. Investors are concern GILD could be a value trap. Even with the questions about future growth, this stock seems crazy low compared to it's peers.
From a trader's perspective. Price action is awful and it may stay bearish for awhile. I don't see a favorable long swing trade entry at this time, but this sell off will get over done.
I plan on also evaluating my "investment options". One possible option to consider is a buy-write around $80 - 78. Options are currently selling at discount, so ideally I would like to IV go up to sell them a a premium.
Double Bottom Perfect Doji Trigger for ProfitsGILD has tested $81.70 during the start of 2015 and has retesting this 52-Week Low again last week. This week GILD is forming a perfect doji based on investor's indecision as to whether or not this is new support forming from this double bottom or if GILD will go lower and retest some old support areas before bouncing higher.
My thoughts are that long term investors are bullish on this stock and have been waiting to see if it would retest this low again in order to accumulate more shares. I think the indecisiveness and lack of volume that has contradicted my thoughts thus far is based on the recent FOMC. Now that the Fed have released the minutes, the stock will either begin to bounce of this new support level and trigger our trade or it will retest old support and allow us to setup another trade.
As a result, I will use this current perfect doji to place the trade since tomorrow will be the telling of which way the stock is headed.
I will setup this trade:
Trigger: Buy-Stop Order @$84.24
Stop: Stop Order @$81.48
Target: Limit Order @$101.43 (100 SMA o the Weekly)
This trade has a Reward:Risk ratio of 6:1
Due to the SMAs on the Weekly this trade also appears to be a good setup for an Iron Condor by getting in to the Bull Put Spread now and legging into the Bear Call Spread as it approaches the Target
Possible Long SetupIt looks like we have a double bottom in hand with NASDAQ:GILD at $82.76. It has held this level pretty good despite the market turmoil in the past three days. RSI indicates oversold and a gap up tomorrow can be a signal for a potential rebound to fill the gap at $96.91 or more likely retest the previous support at $93.3. I will consider getting in tomorrow depending on the market conditions.
(DE) Earnings an excuse to reduce de-risk. Support retest near 80 not unlikely. Clearly bearish trend, though not enough signs to call a near-term bottom. When OBV make a couple of higher lows a potential bottom may be near.
Technical to Fundamentals show otherwise. Obey your rules.
GILDGILD has reached a critical support. I sold my long positions before presenting results with some profit. Now I have been waiting for a new entry point for long position
