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VRTX trade ideas

VRTX seduces to to publish first idea I see a beautiful channel from the bottom of 2008. My concern is the bottom of october 2021 is the 4th time it touches (telling me being cautious because of possibly exhausting bullish trend) and the last weeks formed a rising wedge just under the middle of the 15 year channel. Also the top of july 2020 is too close, the "breakout" on 24th oct was not a really dominant candle, it can be false. If so, a double top can be confirmed in the next days when crossing $290 downwards. Still I'm a long position favouring guy, as a cup with handle (beginning from early august) seems to be confirmed, promising a $335 as target price. If that occurs in a couple of days, it can be considered as a valid breakout upwards from the wedge aiming ~$480 as target price. What do you think? :) NASDAQ:VRTX
NASDAQ:VRTX
by PaladinOfWealth
Up from a Rectangle/Deep Dive Down In to the RectangleDiving shadows on a candle may indicate trouble ahead. Diving Dojis and diving candle shadows can represent desperation. So far in my study on the divers, it is not good but have noted it is not an immediate negative response. This one went deep water diving looking for support and found it for the time being. Buyers came in and saved the day. For how long? That remains to be seen. I just have noted that when shadows and Dojis go diving, things can go bleak a bit later on, not usually immediately but I am still studying the divers. Perhaps if a stock is still at it's strongest, it does not have to dive to find support? Dunno and still working on this phenomena but so far it has been an ominous signal later on. There are rising wedges below price. Price broke up from 2 rectangles. Ascending triangle noted. VRTX does appear to be finding it's top but who knows. No recommendation. When a security starts deep water diving looking for buyers/support, it can spell trouble.
NASDAQ:VRTX
by lauralea
Stock to buy VRTX: Target +35%Vertex stock is still actionable as it rebounds from the 10-week line. It has also blasted back above an alternative entry of 279.23. The relative strength line has been spiking higher even as VRTX stock and the broader market struggled. The stock has retaken its 50-day moving average, an encouraging sign. VRTX stock has soared more than 32% higher so far in 2022. This is especially impressive considering the broader market action. Vertex is also highly profitable. As a result, VRTX stock has an EPS Rating of 99 out of a best-possible 99. Earnings have grown by an average of 690% over the past three quarters. This easily beats CAN SLIM requirements.
NASDAQ:VRTXLong
by gorgevorgian
$VRTX showing multiple signs of continuation!Notes: * Very strong up trend on all time frames * Great earnings track record since 2017 * Breaking out of a ~4 month base with higher than average volume * Printed a pocket pivot * And offering an early entry relative to its 50 day line * Breaking above a historical resistance of $290.48 with volume once again (Third time's the lucky charm? ;)) * Formed a relatively flat handle to the double bottom * Offering a low risk entry Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 1.32 Relative Strength vs. SP500: 1.16 U/D Ratio: 1.97 Base Depth: 24.6% Distance from breakout buy point: 0.03% Volume 8.7% above its 15 day avg. Trade Idea: * You can enter now as it's just breaking out of its double bottom base with higher than average volume and it printed a pocket pivot * If you're looking for a better entry you can look for one around the 290.5 area as that should hold as support * One thing to keep in mind is that there are two more historical areas of resistance that will come in the way before we hit the target * Look for confirming price action around those levels before adding to the position * Or, if we see lots of rejection around those levels, consider exiting the position earlier * This stock usually has local tops when the price closes around 11.93% above its 50 EMA * Consider selling into strength if the price closes 11.73% to 12.13% (or higher) above its 50 EMA * The last closing price is 6.9% away from its 50 EMA
NASDAQ:VRTXLong
by HaseebKhan_90