Gilead leans on SMA support - Analysis - 11-03-2021

Gilead's stock (GILD) fell in the last session, with negative signals from the RSI after reaching overbought levels, while gathering positive momentum to boost it anew, as it leaned on the support of the 50-day SMA, amid the dominance of the upward correctional trend in the short term. 

Therefore we expect the stock to return higher, targeting the resistance of 68.30 anew, provided the support of 64.00 holds on.

Expected trend for today: Bullish