$VRTX wound up tight. Biotechs hot.Going with fundamentally strong companies with opportunistic chart patterns.
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 : SLINGSHOT BREAKOUT +125% earnings on previous quarter, average growth of +30% previous quarters
+76% revenue growth, accelerating from previous quarters
+44% net margins, expanding from +30%
Positive earnings revisions
VRTX : SLINGSHOT125% earnings growth past quarter, +30% previous quarters
+76% revenue growth past quarter, accelerating from the precious quarters
Positive earnings revisions
VRTX Keep an eye on bio namesLong above box to targets or wait for pull back long at the bottom of box or targets below box.
VRTX crossed 50 MAVRTX retook the 50 MA. Pullback from previous high was in low volume. IBD 50 name. Perfect IBD score of 99.
Long @ $271
BUY VERTEX PHARMACEUTICAL on reopeningHey traders,big upward effort it is possible to see an acceleration on this configuration, unless a change of decision takes place ...
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BUY VERTEX LONG TERM 285.05$May-11-20 04:31PM How A Gene-Editing Drug Sent This IBD Stock Of The Day To A New High Investor's Business Daily +5.03%
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.
SHORT Short by put option to weekly level support $53SHORT Short by put option to weekly level support $53
$VRTX -- Similar to $LLY short pullback$VRTX has a very similar chart to $LLY can also short the pullback into an inverse as its sitting at its neckline.
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
VRTX finds support at 240, double inverted head and shoulders.VRTX up after exceeding earnings on JAN 30, finds support at 240. 5 day moving average is strong. Double inverted head and shoulders signals strong buy, possible breakout. Entry at 243, target price 252, stop loss 241.
VRTX - DAILY CHART Hi, today we are going to talk about Vertex Pharmaceuticals and its current landscape.
Vertex Pharmaceuticals is poised to receive increasing attention from the market as relevant events are taking place after Proteostasis Therapeutics had unveiled "positive" data from a phase 2 clinical trial testing its triple-drug combination in patients with cystic fibrosis, however, the results were below than Vertex Pharmaceuticals similar product named Trikafta, giving Vertex an edge on the market, and possibly implying that the company could thrive over Proteostasis Therapeutics underperforming.
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VRTX Swing ShortUsing a tight stop here with a wide target due to extended nature of this last impulse up and the fact that we're almost perfectly at the 1.618 extension of the last swing high -> swing low.
You can tighten your stop to directly above the highest wick of this impulse as well if you want to increase the Reward:Risk Ratio.
The other thing to watch is the Fibonacci node about 2.5% below this entry (around $215). This area is possible support and could snare price action in this small range for a while. If you're shorting the asset then you're fine but if you're buying puts you may want to cover when/if we reach that area.
This is not financial advice and as always, do your own research.
Happy Trading,
BBT
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