Monday, March 14, 2016

One of the Biggest Bargains in Biotech Looks Bullish Here

Gilead Sciences ($GILD) has been a bargain for quite some time. This company apparently does not know what to do with its piles o' money, and it pays a nice dividend. Now, its chart is starting to look very good.

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(Updated chart)

Gilead just popped above its 50-day moving average. And it looks ready to break out of that ascending triangle. All on a down-day for the market. 

I guess we'll see if this chart pattern works out.

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