Gilead Sciences, Inc.(GILD) is in an downtrend

(28-Jan-2008) (28-Jan-2008) Gilead Sciences, Inc.(GILD) closed at 43, down -0.07 or -0.16 % today. Based on our analysis, Gilead Sciences, Inc.(GILD) is in an downtrend.

The closing price of Gilead Sciences, Inc.(GILD) is below its 50 day moving average of 45.85 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Gilead Sciences, Inc.(GILD) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 17-Jan-2008, about 8 trading days ago.