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Vertex Pharmaceuticals Crosses Above its 10-day MA (VRTX)

By Amy Schwartz

Vertex Pharmaceuticals (NASDAQ:VRTX) crossed over its 10-day moving average of $95.65 on a volume of 149K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Vertex Pharmaceuticals have traded between a low of $75.90 and a high of $143.45 and are now at $96.61, which is 27% above that low price. 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 is tracking the current trend status for Vertex Pharmaceuticals and will alert subscribers who have VRTX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Vertex Pharmaceuticals

Ticker(s): VRTX