VRTX Overbought - beginning to retrace today closing well below yesterday's low, confirming bearish shooting star reversal candle from yesterday. Will be looking for additional 8-10% downside from today's close to the area of the 200d ema near term. (More downside possible depending on outcome of Feb ER)Target: $170-$175 range by mid February
Also of note, in fundamental news...Vertex just announced today they have terminated their COO/interim CFO as "the result of personal behavior that violated Vertex's Code of Conduct and values" - possibly more fuel to power this latest downward move. Expect a gap down at the open tomorrow morning.
Note: Informational analysis, not investment advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.