When the Price of (VRTX) Talks, People Listen

February 03, 2024, 01:18 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for VRTX

• Buy VRTX slightly over 403.03 target 428.52 stop loss @ 401.87 Details

The technical summary data tells us to buy VRTX near 403.03 with an upside target of 428.52. This data also tells us to set a stop loss @ 401.87 to protect against excessive loss in case the stock begins to move against the trade. 403.03 is the first level of support below 424.68 , and by rule, any test of support is a buy signal. In this case, support 403.03 is being tested, a buy signal would exist.

• Short VRTX slightly under 428.52, target 403.03, stop loss @ 429.76 Details

The technical summary data is suggesting a short of VRTX as it gets near 428.52 with a downside target of 403.03. We should have a stop loss in place at 429.76though. 428.52 is the first level of resistance above 424.68, and by rule, any test of resistance is a short signal. In this case, if resistance 428.52 is being tested, a short signal would exist.

Swing Trading Plans for VRTX

• Buy VRTX slightly over 428.52, target 440.19, Stop Loss @ 427.28 Details

If 428.52 begins to break higher, the technical summary data tells us to buy VRTX just slightly over 428.52, with an upside target of 440.19. The data also tells us to set a stop loss @ 427.28 in case the stock turns against the trade. 428.52 is the first level of resistance above 424.68, and by rule, any break above resistance is a buy signal. In this case, 428.52, 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 428.52, target 403.03, Stop Loss @ 429.76. Details

The technical summary data is suggesting a short of VRTX if it tests 428.52 with a downside target of 403.03. We should have a stop loss in place at 429.76 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, 428.52, 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 428.52, target 431.38, Stop Loss @ 427.52 Details

If 428.52 begins to break higher, the technical summary data tells us to buy VRTX just slightly over 428.52, with an upside target of 431.38. The data also tells us to set a stop loss @ 427.52 in case the stock turns against the trade. 428.52 is the first level of resistance above 424.68, and by rule, any break above resistance is a buy signal. In this case, 428.52, 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 428.52, target 403.03, Stop Loss @ 429.52. Details

The technical summary data is suggesting a short of VRTX if it tests 428.52 with a downside target of 403.03. We should have a stop loss in place at 429.52 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, 428.52, 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 03:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	377.62
P2	431.38	428.45	403.03
P3	441.88	440.19	428.52

AI Generated Signals for VRTX

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for VRTX can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.