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Vertex Pharmaceuticals Bearish Moving Average Crossover Alert (VRTX)

By Amy Schwartz

Vertex Pharmaceuticals (NASDAQ:VRTX) crossed under its 10-day moving average of $84.69 on a volume of 117K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Vertex Pharmaceuticals has traded in a range of $75.90 to $143.45 and is now at $84.55, 11% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.5%.

SmarTrend is monitoring the recent change of momentum in Vertex Pharmaceuticals. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Vertex Pharmaceuticals in search of a potential trend change.

Keywords: moving crosses Vertex Pharmaceuticals

Ticker(s): VRTX