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. 
Where would you buy gild?
Where would you put your stop?
What would your target be?

Leave a comment