Rochester, NY 7/14/2009 7:49:19 AM
After Market Report - GILD - Technical Indicators are Bearish for Gilead Sciences - Sourced WhisperFromWallStreet.com
Gilead Sciences, Inc.
Gilead Sciences, Inc., GILD
Gilead Sciences (NasdaqNM: GILD) ended the last trading session at $44.44. So far the stock has hit a 52-week low of $35.60 and 52-week high of $57.63. Gilead Sciences stock has been showing support around 43.98 and resistance in the 45.20 range. Technical indicators for the stock are Bearish and S&P gives GILD a very positive 5 STAR (out of 5) strong buy rating. GILD appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at a Nov '09 45 covered call (GDQ KI) for a net debit in the $41.24 area. That is also the break even stock price for this trade. This covered call has a 131 day duration, provides 7.20% downside protection and a 9.12% assigned return rate for a 25.40% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase.
ABOUT
Gilead Sciences, Inc., a biopharmaceutical company, engages in the discovery, development, and commercialization of therapeutics for the treatment of life-threatening infectious diseases. Its products include Truvada, Viread, Atripla, and Emtriva for the treatment of human immunodeficiency virus infection in adults; Hepsera, an oral formulation for the treatment of chronic hepatitis B; AmBisome, amphotericin B liposome injection to treat serious invasive fungal infections; Flolan, an injected medication for the long-term intravenous treatment of primary pulmonary hypertension and pulmonary hypertension; and Vistide, an antiviral medication for the treatment of cytomegalovirus retinitis in patients with acquired immunodeficiency syndrome (AIDS).
Last Trade: 45.29
Day's Range: 44.14 - 45.32
52wk Range: 35.60 - 57.63
Volume: 6,645,712
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