How To Trade VRTX
Company Profile (via Yahoo Finance): Vertex Pharmaceuticals Incorporated discovers, develops, manufactures, and commercializes medicines for serious diseases. The company focuses on developing and commercializing therapies for the treatment of cystic fibrosis (CF) and advancing its research and development programs. … The company was founded in 1989 and is headquartered in Boston, Massachusetts.
The Trader Says:
VRTX looks likely to push to new all time highs ($143.45) again in short order.
I’ve wrote about VRTX in 2013 when the stock was in the 50s. I’m not generally a fan of going back to the well so to speak, but the stock looks positively structured here.
I would look for long setups unless price breaks down through $113.66.
For example… if this 2 Hour chart delivers a good long setup, it would be well worth considering.
If that happens (price breaks down through $113.66) wait for price to reestablish an upward bias and take another run at it.