Gilead Sciences Bull Flag Breakout Nearing

By Gareth Soloway of In the Money Stocks

President & Chief Market Strategist at IntheMoneyStocks • Mar 31, 2021 at 3:00 PM EDT

Shares of Gilead Sciences have been chopping sideways over the last three months. This has formed a beautiful Gilead Sciences bull flag and sets up for a big breakout.

Shares of Gilead Sciences (GILD) have been chopping sideways over the last three months. This has formed a beautiful Gilead Sciences bull flag and sets up for a big breakout. Once the breakout takes place, Gilead Sciences has upside to $79.25. This is a solid swing trade move of 22%.

Gilead Sciences is trading at a decent low PE of under 10 and pays an over 4% dividend yield. This makes it attractive in the current environment. Watch for the Gilead Sciences bull flag breakout in the next few weeks.

(Click on image to enlarge)

Disclaimer:

All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. InTheMoneyStocks, LLC and its representatives assume no responsibility for your trading and investment results. All information on the website was obtained from sources believed to be reliable., but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. InTheMoneyStocks, LLC, its employees, representatives and affiliated individuals may have a position or effect transactions in the securities herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves a very high degree of risk. Futures and Options trading are not suitable for all investors. Past results are not indicative of future results. InTheMoneyStocks, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment results.