Vertex Pharmaceuticals may rise to 471.00 - 478.00

Our pivot point is at 432.

Our preference

The upside prevails as long as 432 is support.

Alternative scenario

Below 432, expect 421 and 414.

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 positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 418.908 and 411.5626).

Supports and resistances

485 **

478 *

471 **

464

447.53 (USD-last)

437

432 **

421 *

414 **

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