Gilead Sciences Now A Dog?



The Struggles Of Gilead Sciences

After last week’s hammering of biotech stocks, many have not been able to recover to hit new highs with the overall market.

Previous high flyers such as Agios Pharmaceuticals Inc (NASDAQ: AGIO) and Receptos Inc (NASDAQ: RCPT) have bounced, but still lag the Nasdaq.

Others, such as Bluebird Bio Inc (NASDAQ: BLUE) have actually managed to eek out new highs.

Unfortunately, there are the ones that have not even gotten close to a new high and may be looking to fall further.

Possibly biotech’s biggest dog, Gilead, could be one of those stocks.

The company: Gilead Sciences, Inc.

Ticker Symbol: (NASDAQ: GILD)

Sector: Healthcare

Industry: Biotechnology

Gilead Sciences, a biopharmaceutical company, discovers, develops, and commercializes medicines for the treatment of life threatening diseases in North America, South America, Europe, and the Asia-Pacific.

Related Link: The Top 5 Biotech Gainers of 2014

The company’s products include Stribild, Complera/Eviplera, Atripla, Truvada, Viread, Emtriva, Tybost, and Vitekta for the treatment of human immunodeficiency virus infection in adults; and Sovaldi, Viread, and Hepsera products for the treatment of liver disease.

Review the one-year chart of Gilead with the added notations:

Gilead had been leading the way higher up until the end of November. The stock has been in an overall decline ever since.

During the months of November and December Gilead had found support at $100 multiple times, but a poorly received news announcement sent the stock gapping significantly lower last week.

The stock eventually found support near its key level of $85 and may be marching its way back up to that same $100 level that had provided support before the breakdown.

A test of $100 may send the stock lower again, but a break through that mark could lead to higher prices instead.

Should Gilead fall back to $85, and break that mark, more selling would most likely follow.

The stock closed Tuesday at $95.27.

No matter what your strategy, or when you decide to enter, always remember to use protective stops and you’ll be around for the next trade. Capital preservation is always key.

Original story here.


Facebooktwitterredditpinterestlinkedinmailby feather

John Macey

I was born, and principally educated, in the fields of biochemistry, and business management in the northeastern USA. However, my world-wide professional career has greatly expanded upon that US base to involve the many different segments of the Biotech / Life Science fields globally. – I have been dressed as a surgeon to view many, many surgical proceedures - The major players in the health care fields that I have worked for include: Johnson & Johnson, DuPont, Abbott Laboratories, and F. Hoffmann-La Roche. – Positions have included selling nuclear materials for both in-vivo & in-vitro (radio-pharmaceutical & radio-immunoassay) medical diagnostic purposes, in the four countries in Scandinavia, based south of Stockholm, to managing Ph. Ds at a global Swiss headquarters location. – At one time I held a position of Strategy Manager for Europe, Middle-East & Africa (EME&A) for a Chicago based company, but living in Germany. – I do speak fluent colloquial German. – In addition to having lived in multiple European countries, my professional career took me to Asia for well over a decade. There I had management control of Oceania, the Pacific Rim, Northern Asia, Japan, out to India. – Occasionally, management assignments have taken me to all of Latin America, and most of South America. – I am extremely culturally aware, a skilled negotiator, and a seasoned manager of men and science. – My one abiding passion has always been computing, data, and analysis. As such, my main computer operating system is Linux, and open-source computer applications. – I do also run Microsoft 7, and Mac OS X (all 3 operating systems on the same H-P Ultrabook). I hope you enjoy your time on the Blog, and should you have any comments / feedback please feel free to email me @ jjmacey@jjmacey.net, or visit my Linux Web Site @ www.jjmacey.net (always evolving) – John J. Macey – AKA Adler, which in German means Eagle – Wildwood, New Jersey - Together, we can expand your global markets - with our partnerships. The partnerships are global utlizing multiple Law, Regulatory, Seasoned Management, Employment, M&A and buidlers of Business. Contact use.