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Gilead Sciences (GILD - Cramer's Take - Stockpickr - Rating) has been in consolidation for more than a month, trading within a fairly tight range on mediocre volume. The stock is actually a low-risk entry right now because it is within 40 cents of the 50-day moving average, which happens to coincide with the bottom of the channel. So, if you like GILD, here is your chance to buy very close to your stop. But if you're waiting for some proof that the uptrend will continue, try waiting for a breakout above the channel.
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Too late, already lost more than half, if I hold for months, is there opportunity for price to go up?
-blueskybaicloud(GameBegins);
2007-6-20(#2634@43)