Vertex Pharmaceuticals may rise to 514.00 - 523.00

Our pivot point stands at 469.

Our preference

Short term rebound.

Alternative scenario

Below 469, expect 454 and 445.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the share stands above its 20 day moving average (481.189) but below its 50 day moving average (481.4258).

Supports and resistances

533 **

523 *

514 **

505

481.24 (USD-last)

475

469 **

454 *

445 **

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