.. if there is continuation. Otherwise, watch the resistance levels acting as support. (no position)
After the sell off in June the stock crossed into the oversold territory and is trying to reverse the trend upwards. The second long signal is the breaking above the downward resistance line, if it continues in the current course and breaks above 200MA this will signal a strong reversal.
Engulfing bullish candlestick in VRTX. Consider buying :)
.. if #VRTX continues, it is most likely going to pull the other #IBB components up and invalidate my short-observation on IBB. #VRTX just beginning its movement back up.
Remember to manage your position, take your profit and add when its right. if all goes well, enjoy the ride, highly likely we will need to fasten our seat belt with this one.
After stock bounced from resistance that is intact since May 2013 and broke down upper level support @ $76 with strong follow through to November lows. Now, it is flagging near lows in front of support. With weak Biotechnology sector and market sitting on resistance it could be start of another down leg. Enter short @ $63.80 Stop above 21 MA @ $66.83 Target...