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VERTEX PHARMACEUTICAL
(VRTX-Nasdaq):
Technical Viewpoint: From a low
of $32.26 on Jul 18, 2006 prices
rallied, reaching a
high of $35.94
on Jul 26, 2006. A
decline saw prices pull back, reaching a
low of
$29.75 on Aug 10, 2006.
Another rally saw prices penetrate
resistance, closing 8/25/06
at $35.43. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 19, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $32.00. Resistance: Is at $35.94.
Point & Figure: Reversed to the upside on Aug 21, 2006. A P&F upside
reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! VERTEX PHARMACEUTICAL
(VRTX-Nasdaq) @ $35.75 Stop: Use a protective stop of $33.75.
VERTEX PHARMACEUTICAL is currently trading @ $35.43 plus $3.17 on Aug 25, 2006. Price Objective:
$47.50. Risk/Reward: $2.00 VS. $11.75. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$47.50
Risk/Reward:
$2.00 VS. $11.75
Risk/Reward Ratio:
6:1
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