Gilead Sciences, Inc. stock trades under the ticker GILD & has shown recent bullish behavior that traders & investors should research further into.
GILD stock closed at $79.65/share on 3/15/2023.
Gilead Sciences, Inc. GILD Stock’s Technical Performance Broken Down
GILD: $79.65
10 Day Moving Average: $79.36
50 Day Moving Average: $82.77
200 Day Moving Average: $71.74
RSI: 42.82
MACD: -1.152
Yesterday, GILD completed a bullish MACD crossover, losing -0.15% on the day’s session.
Recent trading volumes have been below average & their RSI is moving towards the oversold end of neutral, with recent candlesticks signaling that there is more near-term losses on the horizon.
This will create more opportune price levels for traders & investors to enter a position or add to an existing position.
GILD stock has support at the $79.36 (10 day moving average), $78.66 & $77.55/share price levels, as they try to break out above the $79.72, $80.50 & $81.04/share resistance levels.
Gilead Sciences, Inc. GILD Stock As A Long-Term Investment
Investors with longer time horizons will like GILD stock’s 22.28 P/E (ttm), but may find their 4.76 P/B (mrq) to be a bit higher than they’d prefer.
They recently reported 2% Quarterly Revenue Growth Y-o-Y, with 329.3% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $7.14B of Total Cash (mrq) & $25.1B of Total Debt (mrq).
GILD stock pays a 3.66% dividend, which may not be sustainable in the long-run, as their payout ratio is 80.22%.
86.44% of GILD stock’s outstanding share float is owned by institutional investors.
Gilead Sciences, Inc. GILD Stock As A Short-Term Trade Using Options
Traders with shorter time frames can trade options to profit from GILD stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 4/21 expiration date.
The $77.50, $75 & $70 call options are all in-the-money, listed from highest to lowest level of open interest.
The $82.50, $80 & $85 puts are also all in-the-money, with the former strike being more liquid than the latter.
Tying It All Together
GILD stock has many interesting attributes that traders & investors will find appealing.
Investors will like their P/E (ttm) & dividend yield, but should look into their balance sheet for clues about how sustainable their yield is in the long-run.
Traders will like their recent technical performance, as well as their liquid options.
All-in-all, it is worth taking a closer look into GILD stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN GILD STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***