VRTX Bought a little VRTX today breaking the prior high.. decent vol.. will have to see how it does with any pullbacks coming..
VRTX trade ideas
$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
VRTX (Vertex Pharmaceuticals) Heading HigherVolume Profile shows virtually no volume transacted between current price and $260, so price should arrive at $260 without much trouble.
Vertex Bull Run Strengthens We made it to 240 a share. Next resistance around 256, Once we trade up to 256 then VRTX will retest ATH around 307. Buying volume at good levels, Strong earnings, Monthly MACD showing SERIOUS positive momentum, I'm Riding this trade until I see new ATH's for Vertex!
$VRTX WEAKLY CHART #VERTEX #Stock #Stocks #Stockmarketlooks like is getting ready to lift up , waiting for retest #Stock #Stocks #Stockmarket
VRTX Pop to the UpsideVRTX a great long setup presenting itself. VRTX broke out of descending triangle pattern with volume to the upside, MACD about to cross above zero signaling a big shift in momentum on the weekly timeframe. VRTX looks good to go long on here, I see it grinding up in price at a moderate rate for the next year maybe year and a half. 240 dollars a share soon.
VRTX - Looking strong for 2022 (Weekly)VRTX seems to be strengthening after being weak for awhile. Strong move above weekly 200ma on good volume.
I will buy the jan 2023 300/330c spread, and sell the jan 2023 150/140p spread for hopefully no more than .50
Maybe do some shorter OTM term put spreads against it, as well along the way.
VRTX Long Chance on ChannelNASDAQ:VRTX had an ongoing negative Trend since July 2020. It broke the negative Trend 2 days ago.
For me its a very good chance and low price for VRTX.
strong up move with good volume crossing the negative trend
crossed EMA200 and MA200 on daily chart and also on weeky chart
still above EMA200 and MA200 on monthly chart
still in positive trend since 2008
good position in the market
good cashflow for the next years, even if products are failing
Vertex Announces Positive Results From Phase 2 Study of VX-147 iVRTX: Vertex Pharmaceuticals Incorporated
2021-12-01 07:30:00
Vertex Announces Positive Results From Phase 2 Study of VX-147 in APOL1-Mediated Focal Segmental Glomerulosclerosis
LongAt the close of the GAP. The movement is good. Upside +10%. If there will be a good consolidation - we can look even higher.
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$VRTX #VERTEXI like this RETEST TO PUSH HIGHER AND MAYBE FILL THE GAP THE ORANGE AREA , The risk reward is so far good
#VRTX [D1] Is Retesting. "A Long Entry"NASDAQ:VRTX Is currently retesting a broken wedge. Next target can be set around 194 where it can get a bit choppy.
VRTX LongAll risks already in price IMO. Short downtrend most probably soon will change to bullish as fundamental improves.
Triger: latest news about ABBV & Galapagos Phase 2 study in CF
VRTX DCA [LONG]VRTX looks good value here going into earnings.
Good chance of a bounce with oversold levels on daily and weekly.
** NOT TRADING OR FINANCIAL ADVICE **
VRTX.Usually after a huge move down into prior untested accumulation I would expect a pop to the upside. I dont see us bouncing here. I really think they just reject this level and continue much lower. I am shorting here even though I dont like to short at support. Risking half a percent or less.
$VRTX HTF ACB LongWeekly Swing Watchlist
Couple great looking opportunities this week, otherwise equities look pretty quite with the broad sell offs we have seen. I am already at full risk after entering two trades last week so I will be sitting on my hands for now.
#1 Main Watch
$VRTX HTF ACB L
Monthly - 0.50 Fib/Decel/50 ema
Weekly - Support/MACD/Double bottom
Daily - Support/MACD/Double bottom/Descending triangle/Decel/Wave 5 completion
LTF - Break out of descending triangle/MACD/Double bottom
Entry - Waiting for 1HR close above 50 ema
RR - 10 (Previous M/W highs)
Management - Long term
Additionally on Watch:
Main:
$PENN Daily IBO L
Other:
6 stocks on this weeks development needed list
23 stocks on monthly watchlist (mostly in Tech & Health Care sectors)
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