Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
Overall VRTX gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VRTX is showing a nice and steady performance.
VRTX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 287.24, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
The following trade can be suggested based on the decent technical rating and setup score.
|An entry @299.06. This is a Buy Stop order right above the resistance zone.||An exit @276.56. This is a Stop Loss order right below the 10 day low.||The trade has a worst case loss of 22.50 points, which is 7.52%.||For a 1.00% total portfolio risk, you can invest 13.29% of your capital in this trade.|