Stock investments, GILD Gilead Sciences, Inc. to report earnings today

$GILD, Gilead Sciences, Inc. will release its earnings today.  Looking at the 1 year stock chart above, the stock price currently trade a little above its major support (SMA 200).  Looking back at the last twelve trading months, it has been a horrible losing months.  The price has not performed well but has held a little above $62 which to me looks like the floor.  

Depending on the earnings results, this might be the jump off  point for $GILD for a breakout above its SMA 200.  If earnings will be horrible and investors won't like it, it may drop below SMA 200 and might continue its slide.

I am watching the earnings and will buy on good earnings and will not make a move on a bad one. 

I do not own $GILD as of time of writing.  I am not paid by anyone to write my observation.  This is not a recommendation to buy, hold, or sell $GILD.  

UPDATE: August 3, 2019

Oh well, $GILD did not perform well during the time I was watching it.  I did not pull the trigger and dropped it from my watch list.  The updated 1 year chart below shows it failed to capture and hold onto SMA200.  That to me is a signal that its still in a bearish price action.  For now, I will look somewhere else.

Updated $GILD stock chart

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