pool adsVERTEX $VRTX Technical Update
The VERTEX (NASDAQ: VRTX) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for VRTX, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Neutral |
| P1 | 172.15 | 167.03 | 150.03 |
| P2 | 175.11 | 181.89 | 169.89 |
| P3 | 177.14 | 196.26 | 190.06 |
Support and Resistance Plot Chart for VRTX
Long Term Trading Plans for VRTX
August 20, 2018, 11:00 am ET
The Technical Summary and Trading Plans for VRTX help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this VRTX Report.
VRTX - (Long) Support Plan
Buy over 169.89 target 190.06 stop loss @ 169.63.
The technical summary data tells us to buy VRTX near 169.89 with an upside target of 190.06. This data also tells us to set a stop loss @ 169.63 to protect against excessive loss in case the stock begins to move against the trade. 169.89 is the first level of support below 174.94 , and by rule, any test of support is a buy signal. In this case, support 169.89 is being tested, a buy signal would exist.
VRTX - (Short) Resistance Plan
Short under 190.06 target 169.89 stop loss @ 190.32
The technical summary data is suggesting a short of VRTX as it gets near 190.06 with a downside target of 169.89. We should have a stop loss in place at 190.32 though. 190.06 is the first level of resistance above 174.94, and by rule, any test of resistance is a short signal. In this case, if resistance 190.06 is being tested, a short signal would exist.
