I rarely trade bio-tech. But this GILD set-up on the weekly chart screamed at me.
Price (so far) has respected and bounced off the 50-sma multiple times.
We also have a potential break above the bull flag that formed since all-time high 116.83 in Fall of 2014.
Get long should price trade above $107.50 (likely via options) with targets of the current ATH and AB=CD move up of 2014 impulse at $139.28
For you fundamentalists out there, GILD trades with a trailing 12-month P/E of less than 15
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