OptionsPlay DailyPlay

The bullish DailyPlay we chose for Tuesday Sept 26th is Gilead Sciences (GILD). GILD is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 3.05% move higher and its 1m and 6m trend has turned bullish on 8/30 and recently bounced higher off its $81 support level.

Gilead Science’s 1m and 6m trends turned bullish on 8/24 and recently broke above its $80 resistance level on high volume which now becomes support. With a technical score of 9 (out of 10), GILD is a strong bullish stock that looks to continue higher.

View this Trade Idea on GILD

As a stop loss, if GILD was to trade below $80 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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