Vertex Pharmaceuticals may rise to 514.00 - 520.00

Our pivot point is at 481.

Our preference

As long as 481 is support look for 514.

Alternative scenario

The downside breakout of 481 would call for 471 and 465.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 480.5425 and 465.846).

Supports and resistances

526 **

520 *

514 **

508

491.57 (USD-last)

485

481 **

471 *

465 **

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