Gilead Sciences Inc. (GILD) — This biopharmaceutical company engages in the discovery, development, and commercialization of therapeutics for the treatment of life-threatening infectious diseases.
The swine-flu scare will no doubt have a positive impact on GILD since it could be a major manufacturer of any serum production to combat the new strain.
Further, GILD is trading in a huge triangle, which, if penetrated on the upside, could yield an above average return.
A break above the 200-day moving average at $48 could lead to a challenge of the bearish resistance line at $52 and lead to new high with a target of about $75.
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