Gilead Sciences (GILD)

Mar 18, 2022Trade Ideas

We’ve been watching Gilead Sciences (GILD).

With a good deal of negativity priced in, it looks like GILD bottomed out. In addition, RSI, MACD, and Williams’ %R are all also deep in oversold territory. And from a current price of $59.20, we’d like to see GILD initially refill its bearish gap around $66.55.

Also, if you pull up a five-year chart of GILD with RSI, MACD, and W%R, you can see that about 80% of the time when these indicators are this oversold, the stock bounces back shortly after. Should that happen again, let’s be in a position to profit.

In addition, Gilead Sciences carries a dividend yield of 4.93%.

The company declared a dividend of $0.73 per share, which is payable on March 30, 2022, to stockholders of record at the close of business on March 15, 2022.

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