HaleyZhao

VRTX Buy at 285.67 with profit taking at 382.73

Long
NASDAQ:VRTX   Vertex Pharmaceuticals Incorporated
VRTX 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%

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All ideas are for information purposes only. I may or may not invest in the stocks discussed.
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