Gilead Stock Surges  Wow, Gilead Sciences, Inc. (NASDAQ:GILD) stock has just taken a serious turn, and the timing could not have been any better.

Gilead Stock Surges and Shatters These Resistance Levels

GILD Stock: Bullish Developments

Gilead Stock Surges  Wow, Gilead Sciences, Inc. <span data-recalc-dims=(NASDAQ:GILD) stock has just taken a serious turn, and the timing could not have been any better." width="300" height="200" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/06/GILD-Stock-300x200-Small.jpg?resize=300%2C200 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/06/GILD-Stock-300x200-Small.jpg?w=720 720w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVEStORS  Gilead Stock Surges  Wow, Gilead Sciences, Inc. (NASDAQ:GILD) stock has just taken a serious turn, and the timing could not have been any better. In a June 14 publication titled “Gilead Stock Needs to Conquer These Hurdles,” I focused on GILD stock and outlined the developments that I would have needed to see in order to justify holding a bullish view on this investment.

In recent days, GILD stock has staged an advance, and a number of the hurdles I identified have been surpassed. It’s as if someone read my publication and decided they would attempt to paint the chart in a bullish manner. This is of course just rhetoric, nonsense, and I do not believe it for one second, but it’s fun to spin a few conspiracy theories on occasion, especially when the timing is so well-placed.




Gilead Stock Surges

The truth of the matter is that Gilead is a drug maker and this sector has been put under a lot of scrutiny following a tweet by Hillary Clinton, where she vowed to curb the predatory pricing polices that certain drug makers employed in order to boost their bottom lines. President Donald Trump made a similar pledge, and a dark shadow was cast on this sector as a result.

This event will cause money sitting on the sidelines to return to this lagging sector, fueling an advance. It seems as though investors are front running this announcement, which is causing the recent buying binge in this sector. The following Gilead stock chart illustrates this binge buying that has occurred over the past few days and the implications it carries.

Gilead stock chart

 

A bearish trend in GILD stock was defined using two key metrics, the downtrend line and the 200-day moving average.

The downtrend line is a simple tool used to define a bearish trend. This downtrend line is created by connecting the significant peaks that stopped the stock price from advancing beyond it. This downtrend line was created omitting the peak that was created in April 2016, because GILD stock gapped lower shortly after it broke above the peak. This method has created a fitted downtrend line with multiple points of contact, creating a trend line that is quite significant.

Similar indications are being suggested by the 200-day moving average, which is created by averaging the closing price over the last 200 days and plotting that value over the price chart in order to provide a smoothed price trend. The 200-day moving average is a metric that is used to define whether an investment is healthy and trading in a bull market, or unhealthy and trading in a bear market. As a result, I have a tendency to refer to this moving average as a dividing line.

In December 2015, Gilead stock broke below this moving average and it failed to regain its footing ever since. Until now. As I write, Gilead shares have appreciated to the tune of 9.95% in three days. In this process, GILD stock has managed to break above the downtrend line and the 200-day moving average.

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Pharmaceuticals  stocks ( CGC)  ( JNJ ) ( MRK ) ( GSK ) ( celg )  ( gild )




BUZ INVESTORS Sarepta Stock Wow, there is quite a fiasco brewing around Sarepta Therapeutics Inc (NASDAQ:(SRPT) stock, and the allegations alone are reason enough to rethink a potential investment in SRPT stock.

These Are Must-Watch Levels in Sarepta Stock

|Chart | Calendar   | TRADE NOW | Sarepa

SRPT Stock: Allegations Are Taking Center Stage

BUZ INVESTORS Sarepta Stock  Wow, there is quite a fiasco brewing around Sarepta Therapeutics Inc (NASDAQ:(SRPT) stock, and the allegations alone are reason enough to rethink a potential investment in SRPT stock.

There are allegations swirling around Sarepta suggesting that its “Eteplirsen” drug that treats Duchenne muscular dystrophy is a fraud, and that the company went as far as coaching families into testifying in front of the U.S. Food and Drug Administration (FDA) in order to get its medication approved. These are serious allegations to say the least, and the implications alone are damning enough. These allegations surfaced on May 18, and Sarepta stock has been caught in a downdraft ever since.

Whenever I need insight into a potential company, especially in times like this, I do what I do best and I take my cues from the price chart. Yes, that is correct; I analyze investments using technical analysis, because I believe that the current price reflects a mass amount of information. And, if I am looking for timely information, this method of analysis can perform such a feat, because nothing is as timely as the price of a stock.

The following Sarepta stock chart illustrates the price action that both preceded and followed these allegations against the company.



Sarepta Stock

SRPT stock chart

 

A descending triangle is created when a stock price begins to make lower highs and higher lows. The peaks and valleys make this pattern converge as the pattern is in development. Connecting these peaks and valleys using two converging trend lines effectively defines this technical price pattern. The price action within the pattern captures a battle between bullish and bearish investors, after which a victor is finally crowned when the stock price breaks above resistance or below support.

At this current juncture, remaining above these levels is not enough to warrant a bullish view. I would need Sarepta stock to break above the level of price resistance illustrated on the following SRPT stock chart in order to confirm that these allegations are false.

SRPT price chart

 

The price chart illustrates the roller coaster ride this company has experienced with regards to this drug. Aside from the brief pop, the $40.00 level is a very significant level of price resistance. This level was temporarily breached after the drug in question was finally approved by the FDA, but it wasn’t able to sustain itself above this level.

Business Description

Industry: Biotechnology » Biotechnology    NAICS: 325412    SIC: 2834
Compare: NAS:(ONCE), NAS:(DBVT), OTCPK:(BVNRY), OTCPK:(SOLTF), NAS:(AAAP), NYSE:(CBM), NAS:(HALO), NAS:(LXRX), NAS:(BGNE), NAS:(BPMC), NAS:(ARRY), NAS:(FGEN), NAS:(CORT), NAS:(RGEN), NAS:(INVA), NAS:(PRTA), NYSE:(EBS), NAS:(TBPH), NAS:(LOXO), NAS:(GBT) » details
Traded in other countries: AB3A.Germany,
Headquarter Location: USA

Sarepta Therapeutics Inc is a biotechnology company. It uses proprietary RNA-targeted technology platforms for developing pharmaceutical products to address serious diseases.

Sarepta Therapeutics is a biotechnology company focused on treating rare, infectious, and other diseases. It targets a broad range of diseases while focusing on rapid development of its drug candidates. Sarepta’s strategy involves proprietary RNA-targeted technology platforms to be used for developing novel pharmaceutical products to treat a broad range of diseases and address key unmet medical needs. The company uses third-party contractors to manufacture its product candidates. Most of Sarepta’s product candidates are at an early stage of development.

 

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Pharmaceuticals  stocks ( CGC)  ( JNJ ) ( MRK ) ( GSK ) ( celg )  ( gild )




Silver prices middle range created during the summer

$XAGUSD Silver Prices Hover Near Overbought Levels

Silver Prices Hover Near Overbought Levels

Buz Investors Near Overbought Levels The precious metal is trading at $18.42 per ounce at 10:40 GMT this morning, 0.33% higher from the New York close.

Silver

Buz Investors Near Overbought Levels The precious metal is trading at $18.42 per ounce at 10:40 GMT this morning, 0.33% higher from the New York close. During the session, silver traded at a high of $18.44 per ounce and a low of $18.27 per ounce. In the New York session yesterday, silver rose slightly and closed at $18.36 per ounce. Immediate downside, the first support level is seen at $18.29 per ounce, while on the upside, the first resistance level is at $18.53 per ounce.




 

Silver prices declined slightly on Tuesday, as investors turned their attention to planned remarks from President Trump later this evening.

May silver futures dipped 7 cents, or 0.4%, to $18.35 a troy ounce at 7:38 am ET. Prices fluctuated within a narrow range of $18.28 and $18.39 overnight. The move lower knocked silver prices off overbought levels, according to the Relative Strength Index (RSI). At 69, the RSI is still hovering near overbought territory.

On Tuesday evening, U.S. President Donald Trump will deliver his first address to a joint Congress. Investors will be closely monitoring the event for clues about the new administration’s economic policies around taxation and deregulation. Earlier this month, Trump promised to unveil “phenomenal” tax cuts in a matter of weeks.



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AUDUSD flirting with 2-month lows

$AUDUSD levels, Ranges, Targets

AUDUSD levels, Ranges, Targets

Buz Investors AUDUSD levels The pair is trading at 0.7633 at 10:40 GMT this morning, with the Australian Dollar trading 0.12% higher against US Dollar from the New York close.

AUDUSD

Buz Investors AUDUSD levels The pair is trading at 0.7633 at 10:40 GMT this morning, with the Australian Dollar trading 0.12% higher against US Dollar from the New York close. Looking ahead, market participants will keep a close watch on a speech by the RBA Governor, Philip Lowe, scheduled tomorrow. This morning, the pair traded at a high of 0.7641 and a low of 0.7606. The Australian Dollar traded slightly higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7624. The pair is expected to its find support at 0.7608 and its first resistance at 0.7652.



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AUDUSD levels

 speech by the RBA Governor, Philip Lowe, scheduled tomorrow

 what is riding any AUD/USD rate actions is the USD side of the equation due to the fact the AUD facet is and has been quite lifeless for plenty many months. each week for lots months the AUD one hundred pip range tale stays the equal. explanations exist to lifeless exchange fees.

The RBA to align with different relevant bank structural changes has been within the midst of money market reforms and scheduled for of entirety this month and this time coincides with the BOE structural exchange end date. Secondly, structural adjustments perhaps why we do not see AUD cash markets flow. Europe is extra unstable than Australia which is pretty a observation to dead Europe money markets. What emerges from the RBA will be a persisted market oriented cash market but the effects to AUD is to date undetermined. The questions are will the RBA allow AUD to transport or will they preserve to compress tiers.

AUD/USD ninety three pip variety is determined from 0.7681 to 0.7588. at the high side of AUD is positioned a stasis line dated from 1999 at zero.7796. Many months in the past this line turned into as excessive as zero.7803 however is now in progress and dropping by using some points each day. This excessive line explains why AUD sees decrease highs. The factor at zero.7796 need to clean to see AUD far higher. we’re now not excited concerning AUD to interrupt this line anytime soon mainly when AUD trades for the beyond few weeks in overbought territory. For today, we;re searching at promote point at zero.7676 and that is pushing AUD’s upside limits. The point at zero.7668 seems more realistic.



major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




Gold Prices: This Is Why JNUG Stock is Going Nuts Today

$XAUUSD Gold prices climb to highest levels in 6 weeks

Gold prices climb to highest levels in 6 weeks

Gold

  • Buz Investors  highest levels in 6 weeks   Gold is trading at $1184.20 per ounce at 10:40 GMT this morning, 0.25% higher from the New York close.
  • This morning, the precious metal traded at a high of $1187.70 per ounce and a low of $1180.00 per ounce. Yesterday, gold traded 0.21% higher in the New York session and closed at $1181.20 per ounce, as weakness in the greenback increased demand for the precious yellow metal.
  • Immediate downside, the first support level is seen at $1177.23 per ounce, while on the upside, the first resistance level is at $1189.43 per ounce.

highest levels in 6 weeks




 

Buz Investors highest levels in 6 weeks Gold is trading at $1184.20 per ounce at 10:40 GMT this morning, 0.25% higher from the New York close. This morning, the precious metal traded at a high of $1187.70 per ounce and a low of $1180.00 per ounce.

highest levels in 6 weeks Gold futures edged higher Tuesday, with a weaker U.S. dollar and uncertainty inside the markets an afternoon in advance of President-opt for Donald Trump’s press conference lifting the precious metal to their maximum stage in six weeks.

The markets look forward to details Wednesday on spending plans from the incoming Trump management. Wednesday will mark Trump’s first respectable information convention on the grounds that July, an appearance that has injected brought volatility into dollar and metals trading and left shares buying and selling only modestly better.

Gold has additionally remained underpinned because the Federal Reserve’s pace of hobby-fee increases stays unclear—a reality this is bullish for gold, which doesn’t provide a yield.
Gold for February shipping GCG7, +0.24% tacked on $2.70, or 0.2%, to $1,187.60 an oz., set for its maximum settlement due to the fact that Nov. 29, in keeping with FactSet facts. charges touched a high above $1,190.

“The weakness in the dollar is the primary thing right here, as traders are cautious” ahead of Trump’s media briefing, stated Naeem Aslam, leader market analyst at ThinkMarkets. “He has categorized some nations as forex manipulators and buyers are going to get a taste how he goes to tackle that.

 

Trumponomics Divides Investors as Gold ETF Flows Diverge

Gold is splitting the investment community down the middle.

Take the flows into and out of exchange-traded funds. Money has been draining out of SPDR Gold Shares, the world’s largest gold-backed ETF used by big institutional investors, each week since Nov. 11. But iShares Gold Trust, a smaller rival favored by individuals investing lesser amounts for themselves, has seen back-to-back weekly inflows.

Large mutual, pension and hedge funds are chasing better returns in rallying U.S. stock markets thanks to President-elect Donald Trump’s pro-growth policies. Retail investors including iShares Gold holders are returning to gold amid renewed concern that Trump protectionism will restrict global trade and growth. Those concerns were shared by more than two-thirds of traders surveyed by Bloomberg News last month, who forecast prices will gain this year as political uncertainties drive demand for haven assets including bullion.

Gold futures rose 0.4 percent to $1,190 an ounce at 9:46 a.m. on the Comex in New York on Tuesday. Prices have risen 5.3 percent since hitting a 10-month low on Dec. 15. People familiar with China’s plans said last week the nation is prepared to retaliateshould Trump take punitive measures against Chinese goods and trigger a trade war between the two biggest economies.

 

 

 

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AUDUSD flirting with 2-month lows

AUDUSD Broadly fairly valued around current levels

AUDUSD Broadly fairly valued around current levels

AUD-USD

  • Buz Investors AUDUSD Broadly fairly valued  The pair is trading at 0.7463 at 10:40 GMT this morning, with the Australian Dollar trading 0.24% lower against US Dollar from the New York close.
  • Overnight data showed that Australia’s HIA new home sales dropped on a monthly basis in October. This morning, the pair traded at a high of 0.7497 and a low of 0.7449.
  • The Australian Dollar traded 0.43% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7481. The pair is expected to its find support at 0.7437 and its first resistance at 0.7493.

AUDUSD Broadly fairly valued  

AUDUSD flirting with 2-month lows

AUDUSD Broadly fairly valued  AUD/USD has felt some pain in the advance towards the 0.75 handle and struggles to get through the psychological level with the revised US GDP print that offered a stronger-than-expected annualized growth of 3.2% during third quarter of 2016. The reading was higher-than 3.0% annualized growth expected and 2.9% reported previously. This comes on a week that has the nonfarm payrolls before the end of year FOMC meeting in the middle of December and this number leaves a rate hike on the table and priced into the dollar.

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AUDUSD Broadly fairly valued

In respect of Australia’s economy, the OECD released their Global Economic Outlook overnight with a positive outlook for the Australian economy, projecting growth to pick up to 3% by 2018, as resource investment tails off while consumption, investment and the jobs market improve.

“This suggests we will need to see (inter alia) a further re-pricing of Fed expectations to push AUD/USD much lower; and/or a return to an expectation of RBA easing in the local market. Within the peripheral dollar bloc we continue to see relative commodity prices having a significant influence on crosses. Given the difficultly in forecasting relative commodity price movements, we are currently inclined to wait for $-bloc crosses to be misaligned on both a rates and a relative commodity price perspective before expressing strong trade ideas.”

 




GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

GBPUSD is still trading near historically-low levels

GBPUSD is still trading near historically-low levels

GBP-USD

  • Buz Investors trading near historically-low levels At 09:40 GMT, the pair is trading at 1.2239, with the Pound trading 0.48% higher against US Dollar from the New York close,
  • after UK’s consumer price index rose more than expected on a monthly basis in September. The pair witnessed a high of 1.2272 and a low of 1.2177 during the session.
  • Yesterday, the Pound traded 0.13% higher against the US Dollar in the New York session and ended at 1.2180. Immediate downside, the first support level is seen at 1.2158, while on the upside, the first resistance level is situated at 1.2296.

trading near historically-low levels ‘Hard Brexit’ scenario began to dominate

GBPUSD broke below 1.2985 and fell

trading near historically-low levels  Much of this theme was buttressed by the logical assessment that inflation would likely begin to show in the U.K. after the ‘sharp repricing’ in the value of the British Pound (after the Brexit referendum). Initially after such a scenario, inflation usually begins to show up with imports, and this is pretty much just a mathematical observation: If a product is created, built, sold and exported out of the United States, a plunging British Pound means that this producer will bring back fewer US Dollars from U.K. sales if they don’t adjust their prices. And given that most businesses are driven by profit motive, these price increases usually show up pretty quickly, and here we have the initial signs of inflation.

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But inflation isn’t always a direct determinant of currency prices, is it? The missing piece here are interest rates, as Central Banks will often look to raise rates in order of managing inflation, and this higher rate driving demand into the currency is what can really get that common but direct relationship between inflation, interest rates and spot prices all moving in the same direction.

Should tomorrow’s U.K. inflation numbers surprise to the upside, this could possibly begin to change as markets may factor in a lower-probability of continued dovishness from the BOE in response to rising inflation. But traders are going to want to go into those data releases with a healthy amount of skepticism as most GBP charts remain considerably bearish.

GBPUSD at levels not seen for 31 years

GBPUSD at levels not seen for 31 years

GBP-USD

  • Buz Traders GBPUSD at levels not seen for 31 years At 09:40 GMT, the pair is trading at 1.2714, with the Pound trading 0.06% lower against US Dollar from the New York close.
  • In economic news, UK’s Markit services PMI expanded more-than-expected in September. The pair witnessed a high of 1.2746 and a low of 1.2683 during the session.
  • Yesterday, the Pound traded 0.31% lower against the US Dollar in the New York session and ended at 1.2722. Immediate downside, the first support level is seen at 1.2673, while on the upside, the first resistance level is situated at 1.2765.

GBPUSD at levels not seen against the U.S. dollar

GBPUSD <span data-recalc-dims=(Custom)" width="300" height="180" srcset="https://i1.wp.com/investorsbuz.com/wp-content/uploads/2016/08/GBPUSD-Custom.jpg?resize=300%2C180 300w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2016/08/GBPUSD-Custom.jpg?w=600 600w" sizes="(max-width: 300px) 100vw, 300px" />

GBPUSD at levels not seen for 31 years Looking at the daily chart, however, because we can draw trend lines (and channels), we can project targets by connecting lows.  In the chart, the lower channel trend line cuts across at the the 1.2696 level (let’s call it 1.2700).  That is the next target from a longer term perspective.  If the trend continues lower, that line will come in play (PS the low today got to 1.2718 so far).
What else can we see from other charts with regard to bullish/bearish trading clues for this pair?

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GBPUSD at levels not seen for 31 years

Looking at the 5-minute intraday chart, we get a different perspective.  For this, you can see a slowing of the trend move lower. The low for the day – just before the ECB fireworks – bottomed at a lower channel trend line on the chart.  The rally after the headlines, went back to the topside trend line.  The subsequent low found buyers ahead of the day’s lows. The 100 bar MA on the 5-minute has put a ceiling so far on the upside.

Research firm Markit said its U.K. construction purchasing managers’ index rose to 52.3 in September from August’s reading of 49.2. Economists had expected the index to drop to 49.0 in September.

But the pound remained under broad pressure amid concerns over a ‘hard brexit’ afterBritish Prime Minister Theresa May set a March deadline to begin the UK’s formal departure process from the European Union.

Meanwhile, the greenback was boosted after the Institute for Supply Management said on Monday that its index of manufacturing activity rose to 51.5 last month from August’s reading of 49.4. Analysts had forecast a lesser increase to 50.3.

AUDUSD gains bolstered by USD softness

AUDUSD pair clocked a high of 0.7650 levels

AUDUSD pair clocked a high of 0.7650 levels

AUD-USD

  • Buz Trader  AUDUSD pair clocked a high The pair is trading at 0.7597 at 09:40 GMT this morning, with the Australian Dollar trading 0.61% higher against US Dollar from the New York close.
  • Early morning data indicated that, Australia’s Westpac leading index remained flat on a monthly basis in August. This morning, the pair traded at a high of 0.7598 and a low of 0.7531.
  • The Australian Dollar traded 0.09% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7551. The pair is expected to its find support at 0.7553 and its first resistance at 0.7620.

AUDUSD: Neutral: In a 0.7440/0.7630 range

AUDUSD gains bolstered by USD softness

AUDUSD pair clocked a high We shifted from a bearish to neutral stance on AUD yesterday and there is no change to the view. The current movement is viewed as part of a consolidation phase and AUD is expected to trade within a broad 0.7440/0.7630 range for now.

EUR/USD: Bearish: Expect solid support at 1.1100.

There is not much to add as EUR spiked to a high of 1.1213 yesterday but eased off quickly to end near the day’s low. The outlook is still bearish but as highlighted in recent updates, any decline is expected to encounter solid support at 1.1100.

InstaForex

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AUDUSD pair clocked a high 

GBP/USD: Bearish: To take partial profit at 1.2930.

GBP extended its decline to touch a low of 1.2947 yesterday. As highlighted in recent updates, while the recent drop is clearly oversold, the down-move appears to have scope to extend lower to 1.2930. This is a strong support level and those who are short may likely to take partial profit here.

The spot extended the three-day winning in Asia as USD continues to get offered across the board following FOMC event. The committee revised lower its long-term interest rate trajectory, revised economic forecasts lower and called for a much slower rate hike path.

Meanwhile, comments from RBA’s Governor Lowe suggested the central bank is comfortable with the current policy and is no hurry to reduce rates. With no data due for release, the spot remains at the mercy of the overall demand/supply of the US dollars.