Where would you buy gild?
Where would you put your stop?
What would your target be?
Trade of the week : Gild
Our Trade of the Week is Gilead Sciences long through the 91.50 level. We believe a swift break of this resistance should lead to a powerful move to the $98-$100 area. It has a nice, tight pattern with a great risk-reward at these levels. The Biotech sector has been very weak, but has recently shown signs that it may turn around at least for the short term.