Trading (VRTX) With Integrated Risk Controls

February 13, 2024, 17:10 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for VRTX

• Buy VRTX slightly over 408.77 target 434.32 stop loss @ 407.59 Details

The technical summary data tells us to buy VRTX near 408.77 with an upside target of 434.32. This data also tells us to set a stop loss @ 407.59 to protect against excessive loss in case the stock begins to move against the trade. 408.77 is the first level of support below 416.04 , and by rule, any test of support is a buy signal. In this case, support 408.77 is being tested, a buy signal would exist.

• Short VRTX slightly under 434.32, target 408.77, stop loss @ 435.57 Details

The technical summary data is suggesting a short of VRTX as it gets near 434.32 with a downside target of 408.77. We should have a stop loss in place at 435.57though. 434.32 is the first level of resistance above 416.04, and by rule, any test of resistance is a short signal. In this case, if resistance 434.32 is being tested, a short signal would exist.

Swing Trading Plans for VRTX

• Buy VRTX slightly over 423.38, target 434.32, Stop Loss @ 422.16 Details

If 423.38 begins to break higher, the technical summary data tells us to buy VRTX just slightly over 423.38, with an upside target of 434.32. The data also tells us to set a stop loss @ 422.16 in case the stock turns against the trade. 423.38 is the first level of resistance above 416.04, and by rule, any break above resistance is a buy signal. In this case, 423.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short VRTX slightly near 423.38, target 411.31, Stop Loss @ 424.6. Details

The technical summary data is suggesting a short of VRTX if it tests 423.38 with a downside target of 411.31. We should have a stop loss in place at 424.6 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 423.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for VRTX

• Buy VRTX slightly over 417.16, target 423.54, Stop Loss @ 416.19 Details

If 417.16 begins to break higher, the technical summary data tells us to buy VRTX just slightly over 417.16, with an upside target of 423.54. The data also tells us to set a stop loss @ 416.19 in case the stock turns against the trade. 417.16 is the first level of resistance above 416.04, and by rule, any break above resistance is a buy signal. In this case, 417.16, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short VRTX slightly near 417.16, target 411.31, Stop Loss @ 418.13. Details

The technical summary data is suggesting a short of VRTX if it tests 417.16 with a downside target of 411.31. We should have a stop loss in place at 418.13 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 417.16, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Vertex Pharmaceuticals Incorporated (VRTX) available here: VRTX.

VRTX Ratings for February 13:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	383.34
P2	417.16	411.31	408.77
P3	423.54	423.38	434.32

AI Generated Signals for VRTX

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