Today we'll analyze the Stock VRTX for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 20.57$ (02/01/08) to 15.44$ (03/14/08) a 5.13$ move
2- The current bullish trend started from 15.44$ at 03/14/08 and is currently trading at 23.89$.
3- According to ADX, the trend is currently strong bullish,which is becoming weaker.
Short term chart patterns :
4- The Stock was resisted by a resistance line, identified by two points: 20.57 and 22.83 that was broken up at 18.39 transforming into a supporting line.
Mid term chart patterns :
5- The Stock was resisted by a resistance line, identified by two points: 20.57 and 22.83 that was broken up at 18.39 transforming into a supporting line.
Long term chart patterns :
None.
Conclusion:
VRTX was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .
Resistance Levels: 31.88.
Support Levels: 21.90, 20.66, 19.66, 18.67, 15.44, 10.40,.
Tuesday, April 1, 2008
Vertex Pharmaceuticals Incorporated (VRTX) Technical Analysis
That's all for today ... thanks for reading the post,
come back soon for more updates,
use the search to lookup for more interesting stocks you might be interested in,
feel free to leave your comments on the post, or contact me
enjoy your online market trading!!
have a nice day,
Shadi
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