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For Safe Investors, This Is When You Buy $GILD

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

Gilead Sciences, Inc. (NASDAQ:GILD) has been in a downtrend since mid 2015. In 2015 the biotechnology stock made a high of $124 and has declined to its recent 52 week low of $65.38. This near 50% decline has made investors skittish about buying Gilead Sciences. I am going to reveal when the safest time to buy the biotechnology stock will be.

If you look at the stock chart below, Gilead Sciences has a tight channel sloping down for a long period of time. As long as the stock stays in that channel, assume the downtrend will continue. However, should the stock price break above the upper channel trend line, buy it immediately. This would be a confirmed break of the downtrend and the stock would likely trend up towards $100. This trend is low risk and offers nearly 50% upside potential.

View my trades and Verified performance right now, click here. Simply join Verified Investing for free and anytime I buy a stock/ETF, you will get an email. You can then opt-into the trade getting my exact entry price, target and stop. Those who take my trades, only reward me (a Verified Trader) with a few Dollars IF they get big winning trade information.

When investors can buy biotechnology stock Gilead Sciences


This article was written by ST G for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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