• Return to Headlines

Bullish Moving Average Cross by Vertex Pharmaceuticals (VRTX)

By David Diaz

Today, shares of Vertex Pharmaceuticals (NASDAQ:VRTX) have advanced above their 10-day MA of $80.50 on a volume of 512K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Vertex Pharmaceuticals share prices have moved between a 52-week high of $143.45 and a 52-week low of $75.90 and are now trading 6% above that low price at $80.70 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Vertex Pharmaceuticals on August 25th, 2016 by issuing a Downtrend alert when the shares were trading at $97.01. Since that call, shares of Vertex Pharmaceuticals have fallen 18.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Vertex Pharmaceuticals

Ticker(s): VRTX