NASDAQ:VRTX Sell short below yesterday's low. see my notes on the chart.
Please like, comment and follow if you like my ideas. THANK YOU!!!
Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
$VRTX Overbought - beginning to retrace today closing well below yesterday's low, confirming bearish shooting star reversal candle from yesterday. Will be looking for additional 8-10% downside from today's close to the area of the 200d ema near term. (More downside possible depending on outcome of Feb ER)
Target: $170-$175 range by mid February
Also of note, in...
Vertex has consolidating the price in a bullish wedge. A key resistence zone is at 178.57, a break out of such edge is interesting because it might pull up the price toward new high records. Stock is under the radar
$VRTX Vertex looking over-extended, reversing off the long term upper channel limit. Barring an earnings home run next week, expecting further price correction in the coming weeks and months.
Medium term target: $163.50
Long term target: $153.50 (lower channel support)
Earnings next week, 7/25
Note: Observation/opinion, not investment advice.
After the sell off in June the stock crossed into the oversold territory and is trying to reverse the trend upwards. The second long signal is the breaking above the downward resistance line, if it continues in the current course and breaks above 200MA this will signal a strong reversal.
VRTX looks good. not only is there an inverse H&S there is a zig zag up. Looking for a $177 target. Will probably look at the april options at the money call. look to enter with a limit order of $7.00 at a strike $170 with expiry of 13 April 2018.
Took a swing trade on this stock on a pullback buy at an entry of 123.58 with a target of 130.69. This stock has started to pull back a bit from my entry but I am still in the green on the play. Looking for a bounce off the 20SMA for a push to the target. What you all think? Feedback is always encouraged and appreciated.