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

By David Diaz

Today, shares of Vertex Pharmaceuticals (NASDAQ:VRTX) have crossed bearishly below their 10-day moving average of $115.91 on a volume of 202K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Vertex Pharmaceuticals have traded between a low of $71.46 and a high of $143.45 and are now at $115.60, which is 62% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.9%.

SmarTrend recommended that subscribers consider buying shares of Vertex Pharmaceuticals on January 6th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.63. Since that recommendation, shares of Vertex Pharmaceuticals have risen 47.8%. We continue to monitor VRTX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Vertex Pharmaceuticals

Ticker(s): VRTX