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Vertex Pharm Falls 1.65% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Vertex Pharm (NASDAQ:VRTX) traded in a range yesterday that spanned from a low of $174.04 to a high of $177.24. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $177.41 on volume of 494,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Vertex Pharm share prices have moved between a 52-week high of $194.92 and a 52-week low of $136.50 and are now trading 30% above that low price at $177.93 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

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

Keywords: rebounders vertex pharm

Ticker(s): VRTX