Vertex Pharmaceuticals may fall to 428.00 - 437.00

Our pivot point is at 481.

Our preference

The downside prevails as long as 481 is resistance.

Alternative scenario

The upside breakout of 481 would call for 495 and 504.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 488.0325 and 480.629).

Supports and resistances

504 **

495 *

481 **

475

468.45 (USD-last)

445

437 **

428 *

420 **

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