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Gilead Sciences Inc. Message Board

  • eyesandears51 eyesandears51 Apr 30, 2013 11:44 AM Flag

    GILD: Mid/LT Propspects Good, Short Term Caution is Warranted

    GILD stock is correcting amid a broader weakness in the Pharma/Biotech sector. The market stage is framed today by the earnings miss at Phizer and the weakness of the big three biotech’s, Biogen, GILD, and Celgene. Even high beta Regeneron is retrenching. Furthermore GILD received notice from the Food and Drug Administration yesterday that it is withholding approval of two drugs intended to be used in their HIV treatment regimen. Stock technical’s are also under stress. RSI is declining, and the MACD is weakening. 36 insider sale transactions by CEO, CFO and other officers at prices averaging in the mid $ 40’s, and 0 buy transactions. The stock could test the $ 46.53 April low this week. The preponderance of volume for both May 18 call and put contract is decisively below $ 75. One measure of investor expectation is to follow options. The preponderance of volume for May 18 put contracts is decisively below $ 47.50.

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    • Correction, sorry a typo. Post should read.......GILD stock is correcting amid a broader weakness in the Pharma/Biotech sector. The market stage is framed today by the earnings miss at Phizer and the weakness of the big three biotech’s, Biogen, GILD, and Celgene. Even high beta Regeneron is retrenching. Furthermore GILD received notice from the Food and Drug Administration yesterday that it is withholding approval of two drugs intended to be used in their HIV treatment regimen. Stock technical’s are also under stress. RSI is declining, and the MACD is weakening. 36 insider sale transactions by CEO, CFO and other officers at prices averaging in the mid $ 40’s, and 0 buy transactions. The stock could test the $ 46.53 April low this week. One measure of investor expectation is to follow options. The preponderance of volume for May 18 put contracts is decisively below $ 47.50.

 
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