GILEAD SCIENCES (NASDAQ: GILD) Breakout Swing Trading Idea

TRADING IDEA (Momentum Swing Trading Breakout)

Gilead Sciences, Inc. is a biopharmaceutical company, which engages in the research, development, and commercialization of medicines in areas of unmet medical need. Read the full profile here.

STRATEGY

Breakout Swing Trading Idea

1. clean breakout during last trading session, wide range bullish bar closed near the high of day (+5.2%)
2. strongly increased buying volume
3. closing price above current daily resistance level
4. long term trend (weekly chart), price breakout above sideways trading channel
   

Last earnings: 2022-08-02

Next earnings: 2022-10-26

ACTUAL SETUP

• Buy Stop | $66.36
• Limit | $66.50
• Stoploss | $63.44
• Target | first and second target area on weekly chart
  
  

ADDITIONAL INFO/TIPS

• Use our ChartMill Postion Sizing Tool to calculate the maximum number of shares you can buy, depending on your available capital!
• Why using Stop Limit Orders?

Disclaimer: These trading ideas are merely to demonstrate what ChartMill is capable of and shows some typical results of a breakout filter. It is in no way actual financial advise to invest or trade in these stocks. The author has no pre-existing position in any of these stocks.