The Traderszone Network

Published in TZ Latest News 17 September, 2014 by The TZ Newswire Staff

Gilead Sciences Finding Support Again

Shares of Gilead Sciences (GILD) are finding support despite bad news on a new drug Wednesday. The stock is rebounding from a pullback to the 10-week moving average. It leaves the biotech leader in a secondary buy range, although a riskier one now that the market is under pressure. It is the second time Gilead has retreated to the line and found support. It also did it in mid-July, a few weeks after it broke out past an 83.80 buy point.

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