1VRTX trade ideas
RectangleOverbought with RSI on 70.
Possible cup without a clear handle. 2 are noted within the rectangle and the 1st one failed to break resistance.
Price is above upper trendline today but no clear uptrend noted. Some would wait for at least 2 closes to confirm a trend.
No recommendation
short at the top for VRTXBullish exhaustion is setting in after the last min bullish closure with weaker volume. spells a possible distributive stage
$VRTX with a bullish outlook following its earnings #Stocks The PEAD projected a bullish outlook for $VRTX after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 80%.
VRTXThe Trend Lines are above. If SPX does not decline, all the stocks can start a rally which I expect cannot exceed the ATH. I expect 2024 will be the bigger rally and this year, I expect fluctuations.
Not an investment reccomendation.
Vertex - rising wedge patternWhat we can see in the chart is a rising wedge pattern. We expect the price to break down from the rising wedge formation.
It may take a little bit more time since the price is still consolidating inside the wedge.
You should enter short position when/if the price breaks down of the wedge with a volume surge.
Do not forget to put a stop loss once you enter the trade.
Stop loss should be placed above the wedge.
Toppy?Price appears to be in a suspicious pattern with both trendlines sloping up and narrowing somewhat at the apex.
Price is above a Rectangle and I see a candle that went diving for support recently.
This market could send this higher as there seems to be no rhyme or reason as of late.
No recommendation.
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
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.
Three Inside-UpThree Inside-Up pattern on the Vertex Pharmaceuticals 1D chart. This is a bullish trend reversal pattern.
#TheTradeSchool
$VRTX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $VRTX after a Positive Under reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
$VRTX Setting Up$VRTX lacking future EPS growth in 2023 but checks many other boxes.
holding up very well.
VRTX - Short SetupHead & Shoulders - Looking for a break below 279.43, stop above 288.57, target 255.63 (Trading Room Alert)
VRTXWe see this pullback as a good short-term trade opportunity. That said, the options on this name are both not very liquid and most have open interest levels below 100. We tend to avoid options where there are wide bid/ask spreads (even when we can get the option in the midpoint) and when open interest for any strike price is below 100 contracts. This is one to watch.
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.
VRTX Bought a little VRTX today breaking the prior high.. decent vol.. will have to see how it does with any pullbacks coming..
$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
Relative Strength in Biotech - VRTX(2/5) To highlight my point in the previous $VIVO post, here are 5 other charts in the Biotech sector that have shown relative strength lately. Don't get me wrong, the market is still on a downtrend, but should we reverse and start a new uptrend, this sector may potentially be the next one to lead a new bull market.
VRTX - Strong UptrendA strong uptrend in solid white has formed on VRTX
This trend line extends back to the 1990's
It will most likely hodl and lead to further bullish continuation
Long scalp $VRTXBased on it's uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent of profits IF $VRTX exceeds today's high of $271.25 during tomorrow's session.
Is Vertex Pharmaceuticals a $500 Stock?Vertex Pharmaceuticals ticker symbol VRTX is in a serious uptrend. If price break above the next resistance zone around $315 before the next earnings we could see a steep rise in price.
Vertex is the stock I will watching closely next week. I am going long at market prices above 283 stopout at redline 264
Happy trading.
VRTX Nice C/H ON WEEKLYWe have a very nice Cup & Handle. As you can see the volume is dryup with a tightness in price action
