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This Is Why Investors Should Be Bullish Into Gilead Sciences $GILD Earnings

Tuesday, May 2, 2017 13:02

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Gilead Sciences, Inc. (NASDAQ:GILD) reports earnings after the stock market closes on Tuesday, May 2nd, 2017. I am bullish ahead of this report based on the stock chart. In the last week, Gilead Sciences broke above the daily 50 moving average and has since consolidated in a bullish flag pattern. In addition, the stock continues to trade just off 52 week lows, meaning expectations are low from investors. The company holds a ton of cash as well adding to their strength. I have an upside target on Gilead Sciences $73.50. This is a gap fill and close to the 200 moving average resistance. Analysts expect earnings of $2.37 per share on revenue of $6.68 billion.

Gareth Soloway
InTheMoneyStocks

Source: http://www.traderslog.com/forum/showthread.php?t=25549&goto=newpost

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