Vertex Pharmaceuticals may rise to 478.00 - 486.00

Our pivot point is at 435.

Our preference

The upside prevails as long as 435 is support.

Alternative scenario

The downside breakout of 435 would call for 423 and 414.

Comment

The RSI is above its neutrality area at 50. 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 427.0705 and 414.062).

Supports and resistances

494 **

486 *

478 **

470

446.88 (USD-last)

440

435 **

423 *

414 **

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