Vertex Pharmaceuticals may rise to 463.00 - 470.00

Our pivot point is at 423.

Our preference

The upside prevails as long as 423 is support.

Alternative scenario

Below 423, expect 411 and 404.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 409.871 and 408.9714). Finally, Vertex Pharmaceuticals has crossed above its upper daily Bollinger band (439.98).

Supports and resistances

477 **

470 *

463 **

456

440.64 (USD-last)

427

423 **

411 *

404 **

Number of asterisks represents the strength of support and resistance levels.