VX1 trade ideas
$VRTX Overbought - Shooting Star Confirmed$VRTX Overbought - beginning to retrace today closing well below yesterday's low, confirming bearish shooting star reversal candle from yesterday. Will be looking for additional 8-10% downside from today's close to the area of the 200d ema near term. (More downside possible depending on outcome of Feb ER)
Target: $170-$175 range by mid February
Also of note, in fundamental news...Vertex just announced today they have terminated their COO/interim CFO as "the result of personal behavior that violated Vertex's Code of Conduct and values" - possibly more fuel to power this latest downward move. Expect a gap down at the open tomorrow morning.
Note: Informational analysis, not investment advice.
[VRTX] phase 2The slope of 30MM is positive, and the price is going up. If the price breaks de resistant, it will confirm phase 2.
($VRTX) Vertex: a buy only after a break outVertex has consolidating the price in a bullish wedge. A key resistence zone is at 178.57, a break out of such edge is interesting because it might pull up the price toward new high records. Stock is under the radar
$VRTX Reversing Off Upper Channel Limit$VRTX Vertex looking over-extended, reversing off the long term upper channel limit. Barring an earnings home run next week, expecting further price correction in the coming weeks and months.
Medium term target: $163.50
Long term target: $153.50 (lower channel support)
Earnings next week, 7/25
Note: Observation/opinion, not investment advice.
VRTX - trade set upShort trap city!!! right now it's opening at 161.. This should run for even a swing trade for a few days. I love this gap and trap!!!!
VRTX making a possible come backAfter the sell off in June the stock crossed into the oversold territory and is trying to reverse the trend upwards. The second long signal is the breaking above the downward resistance line, if it continues in the current course and breaks above 200MA this will signal a strong reversal.
#VRTX #long #stockVRTX looks good. not only is there an inverse H&S there is a zig zag up. Looking for a $177 target. Will probably look at the april options at the money call. look to enter with a limit order of $7.00 at a strike $170 with expiry of 13 April 2018.
Another nice setup on $VRTX - C&H +65 pts potential moveHeld that 136 level like a champ while working on the handle (which is a mini cup by itself). Good numbers will confirm and send this on a 65 pts journey, probably higher
VRTX Pullback Bounce off the 20SMATook a swing trade on this stock on a pullback buy at an entry of 123.58 with a target of 130.69. This stock has started to pull back a bit from my entry but I am still in the green on the play. Looking for a bounce off the 20SMA for a push to the target. What you all think? Feedback is always encouraged and appreciated.
VRTX just don't care... if #VRTX continues, it is most likely going to pull the other #IBB components up and invalidate my short-observation on IBB. #VRTX just beginning its movement back up.
Huge Potential Runner alert - Powerful Breakout of TRRemember to manage your position, take your profit and add when its right.
if all goes well, enjoy the ride, highly likely we will need to fasten our seat belt with this one.
VRTX holding support zone near 80.Technically Speaking
A nice range has formed b/w the support zone at 75-80ish to resistance at 103ish level. Say a 25-27 dollar range.
Fundamentals
Vertex is a pharma co. You can read a summary of what they do here .
What to do?
First, what type of trade is this, a technical trade or a core long? I don't have any special insight into this company, so this would be a technical trade for me.
If trading technically, trade the range with a stop on either side. I would be more willing to hold a long, looking for a break up through resistance.
OVER THE LONG TERM, THE WAY TO WIN IS TO HOLD ONTO YOUR WINNERS, AND CUT YOUR LOSERS. IT IS AS SIMPLE AND AS HARD AS THAT.
