VRTX Buy at 285.67 with profit taking at 382.73VRTX is basing below the 10WMA and that is a big negative. The positive of this is that the volume action below the 10WMA is drying up, which means that there is a quiet consolidation period that is going on. If this consolidation period starts to show price action that shoots above the 10WMA then there is a potential buy. The 1st buy might be at 285.67 with the 2nd one at 306.18 assuming they are both confirmed by high volume action. VRTX can break out at any point because the minimum 5 weeks for a base has been met. Fundamentals are great as shown below.
Yearly EPS
2018: 4.08
2019: 5.33
2020: 9.72
2021: 11.26
Quarterly Sales
Sep-19: +21%
Dec-19: +62%
Mar-20: +76%
Jun-20: +62%
VRTX trade ideas
VERTEX PHARMACEUTICAL: UNLIMITED RISE AFTER 60 RANGE POINTS!!
New agreements with Germany and England for new medicines and medical research developments.
We combine the stochastic with the 125 and 40 period moving lines, expect a crossover of both lines within the range and if it is coincident with the stochastic crossing the oversold line up, then we release the long. We can work stretches of 60 points.
VRTX buy through all time high with solid earnings behind itWe started to see some consolidation after it had a good earnings reaction. 1st in its industry group with a A+ rating and accelerating earnings with price tightening up. The weekly looks good with a few weeks of consolidation
and 10 week MA just under that 275 low. I'll be looking for a buy for a half position through 276 against 267 and scale in my second half once its proves itself.
Saham syarikat VRTXVRTX adalah kod bagi syarikat Vertex Pharmaceutical Inc yang diperbuat dari segi sektor kesihatan. Mengikut pemerhatian gelombang sahlun tentang saham ini adalah uptrend@bullish dengan kenaikkan sebanyak 5.92% dalam tempoh 3 bulan lepas. Dari segi Syariah, saham ini adalah Patuh Syariah