Vertex Pharmaceuticals may rise to 531.00 - 538.00

Our pivot point stands at 482.

Our preference

As long as 482 is support look for 531.

Alternative scenario

The downside breakout of 482 would call for 470 and 463.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 492.476 and 478.4648).

Supports and resistances

545 **

538 *

531 **

523

494.46 (USD-last)

487

482 **

470 *

463 **

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