The price must not close under the 50 week moving average (not shown). Also, the 50 day moving average must not cross under the 200 day moving average (a slight cross doesn't necessarily make the chart bearish unless it comes with large selling volume). Ideally, we will see the price break above the upper trend line on volume to 105, 106, 107 etc. At that point, I rate GILD a technical BUY, and headed to new highs most likely.
For now, watching and waiting. We should know what action to take by mid-May.
For now, watching and waiting. We should know what action to take by mid-May.