I was about one week behind this because it is hard to short a stock when the market is going up, but once things turned, I thought it was a good candidate. The day after I made the move, GILD has decided to do a 5 billion stock buy back over 3 years. Hmm, at first it blasted out of the gate but as the day progressed today the stock trailed off. I will stay the position for now and see where it leads. Broke out of a v-shape channel, cleared the 50week MA, and the RSI is below 50.
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