VERTEX PHARMACEUTICALS
(VRTX-Nasdaq):
Technical Viewpoint: From a low
of $30.80 on May 16, 2001 prices
rallied, reaching a
high of $46.65
on May 25, 2001. A
decline saw prices pull back, reaching a
low of
$41.96 on May 30, 2001.
Another rally saw prices penetrate
resistance, closing 6/4/01
at $48.04. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 23, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $42.00. Resistance: Is at $49.00.
Point & Figure: Reversed to the upside on Jun 1, 2001. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! VERTEX PHARMACEUTICALS
(VRTX-Nasdaq) @ $48.38 Stop: Use a protective stop of $45.63.
VERTEX PHARMACEUTICALS is currently trading @ $48.04 plus $3.61 on Jun 4, 2001. Price Objective:
$57.00. Risk/Reward: $2.75 VS. $8.62. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$57.00
Risk/Reward:
$2.75 VS. $8.62
Risk/Reward Ratio:
3:1
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