12-14-2016, 01:05 PM
(12-13-2016, 05:34 PM)KTMarty Wrote:(12-13-2016, 04:26 PM)DividendGarden Wrote: I bought some GILD at $73 last week. I'm thinking that the cash flow is so high and the P/E is so low that it's got a good chance of working out well.
From a technical chart view it has a RSI divergence at the double bottom (I like this type of setup) and excellent volume with two white candles the last two days . Closed above the 50ma. If you Buy at this point place a stop around 71 (4% loss). Still would like to see it break the trend down, maybe a better buy when reaches above 78.
I don't think $78 would be a better buy than $73.