VRTX – Vertex Pharmaceuticals Inc. [Health Care, Biotechnology]


Context Technical Analysis

In mid-October VRTX moved above its 10- 20- and 50-day exponential moving averages.

The stock is currently moving in a bullish channel between its 10-day exponential moving average and the upper Bollinger Band.

The stock’s 20- and 50-day exponential moving averages follow below the 10-day exponential moving average, a sign of a strong uptrend

Momentum

MACD moved above its signal line in mid-October and it’s moving up since then

Relative Strength

VRTX’s Relative Strength is moving mostly up and above its 20-day exponential moving average since mid-October

MSI General

The general MSI is 100

Higher Time Frame

Since August 2018 VRTX was moving in a trendless range – the blue box.

In mid-October the price behavior changed and a strong uptrend has developed.

1. VRTX moves on its rising upper Bollinger Band.

2. A series of bullish candlesticks is an additional bullish sign.

3. The MACD is in positive territory and above its signal line

In addition, the stock’s weekly Relative Strength is moving up and above its 20-day exponential moving average

Suggested Buy

We can buy this stock when the price goes above 222

Suggested Stop Loss

Sell this stock when price falls below 216

Recommended Size

130 shares


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