VRTX Beginning!Fundamental & Chart
Not for investment advice, personal notes only
Chart:
identified key area of support, concerning current H&S pattern, potential downside to next support indicate 17% drop. CMF shows weakness, spending a lot of times in the negatives.
So far trend line remains intact, neckline of H&S shows no particular bearish inclination
Fundamentals:
Core product in strong growth, In January 26, 2021, VRTX announced that it received FDA approval for the use of Trikafta with children ages 6-11 with CF and certain mutations.
In January 28, 2021, VRTX announced that it received FDA clearance for its type-1 diabetes investigational medicine and will enter the phase ½ clinical trial.
Powerful toppling and bottom line growth, Net income has grown 229% from 2019 to September 2020.
Currently seeking acquisition opportunities
Let's wait and see
