VERX Price Target practiceUsing past positive earnings to earnings monthly close to close prices to help set a price target.
VERX trade ideas
Vertex (VERX) AnalysisTax Technology Leadership:
Vertex NASDAQ:VERX specializes in enterprise tax technology for the commercial and manufacturing sectors, enhancing financial outcomes. Recently, they joined Oracle's ISV Accelerator for SaaS Initiative to integrate tax solutions directly into Oracle Fusion Cloud Applications, optimizing finance and sales processes. This strategic move aims to unify functions and amplify benefits for mutual customers.
Product Innovation:
Additionally, Vertex launched Vertex Accelerator+ for SAP ERP, consolidating their solutions to manage global supply chains more effectively. These innovations are set to expand Vertex's global presence and revenue potential.
Investment Outlook:
Bullish Outlook: We maintain a bullish stance on VERX above the $29.00-$30.00 range.
Upside Potential: With an upside target set at $45.00-$46.00, investors should consider Vertex's market expansion, product innovation, and strategic partnerships as key drivers for potential stock growth.
📊💼 Monitor Vertex for promising investment opportunities! #VERX #TaxTechnology 🌐📈
VERX ATH on Earnings LONGVERX on the 15 minute chart demonstrates printing a high tight bull flag pattern in its
bullrun after the earnings report was a two line beat much like the one a quarter ago.
VERX has impressed traders including this one who got in on the ride early. I will trade
this like others recently with a similar pattern. I will hold during the consolidation and
watch for a break above the flag regression channel. I will add upon the break and
set a trailing stop loss of 5% upon a rise of another 5% keeping the profits safe while
underway. See my ideas on SOUN DUOL, VTYX and a few others. Review the link to
the pattern description here. See also my swing long trade ideas for this sector XBI and LABU.
Vertex, will it work this time? Vertex provides corporate tax processing software and consulting services to 4200 customers over 310 countries
I bought it on June but I got stopped out very fast
Now the pattern is looking better and with less participants? Count me in
All year with good relative strength, more up volume spikes and yesterday broke through long term resistence
Let's wait for the follow up
VERX +15% possibilityVolume seems to be ramping up these past 3 days with 2 days showing a hammer candle. MACD trending towards green and RSI looking ok. I think a run to 22.50 is more likely than a drop back into the 17s.
Top of the current channel seems to be between low 18s and 22.50. Willing to sell a percent or 2 below the 22.50 resistance.
VERX ready for another leg up?VERX seems to be in a descending wedge here. RSI at support. Is it about to pop?
A Cup And Handle In ProgressVERX is only a few months from its IPO, however it's showing remarkable strength.
NOTE: Not trading advice. Please research your trades accordingly.
