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Bearish Moving Average Cross by Vertex Pharm (VRTX)

By Shiri Gupta

Vertex Pharm (NASDAQ:VRTX) shares have crossed bearishly below their 10-day moving average of $183.02 on a volume of 124K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Vertex Pharm has traded in a range of $144.07 to $195.81 and is now at $182.84, 27% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for Vertex Pharm and will alert subscribers who have VRTX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses vertex pharm

Ticker(s): VRTX