Vertex Pharmaceuticals may rise to 509.00 - 518.00

Our pivot point is at 461.

Our preference

The upside prevails as long as 461 is support.

Alternative scenario

The downside breakout of 461 would call for 446 and 437.

Comment

The RSI is above its neutrality area at 50. 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 461.5885 and 427.608).

Supports and resistances

527 **

518 *

509 **

500

479.03 (USD-last)

466

461 **

446 *

437 **

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