US92532F1003 - Common Stock
Taking everything into account, VRTX scores 10 out of 10 in our technical rating. 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 a resistance zone just above the current price starting at 321.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 305.81, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
Given the decent technical rating and the setup score, we can suggest the following trade.
|An entry @321.50. This is a Buy Stop order right above the resistance zone.||An exit @312.00. This is a Stop Loss order right below the 10 day low.||The trade has a worst case loss of 9.50 points, which is 2.95%.||For a 0.74% total portfolio risk, you can invest 25.00% of your capital in this trade.|
NASDAQ:VRTX (12/6/2022, 10:41:06 AM)-5.34 (-1.68%)
|GICS Sector||Health Care|
|2 Weeks||0.94%||1 Month||2.84%|
|3 Month||8.73%||6 Month||24.61%|
|ATR Inc||-30.39%||Range Today||5.38|
|ST Trend||LT Trend|
|10 Day High||323.61||10 Day Low||312.01|
|20 Day High||323.61||20 Day Low||288.83|
|52 Week High||323.61||52 Week Low||205.14|
|CS1 End||305.81||CR1 Start||321.38|
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