Vertex Pharmaceuticals may rise to 514.00 - 524.00

Our pivot point is at 461.

Our preference

The upside prevails as long as 461 is support.

Alternative scenario

Below 461, expect 446 and 436.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 445.0085 and 419.694). Finally, is trading above its upper Bollinger band (standing at 479.73).

Supports and resistances

533 **

524 *

514 **

504

483.04 (USD-last)

468

461 **

446 *

436 **

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