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Vertex Pharm Set to Possibly Pullback After Yesterday's Rally of 16.04%

By David Diaz

Vertex Pharm (NASDAQ:VRTX) traded in a range yesterday that spanned from a low of $196.78 to a high of $201.46. Yesterday, the shares gained 16.0%, which took the trading range above the 3-day high of $199.95 on volume of 482,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Vertex Pharm share prices have moved between a 52-week high of $202.93 and a 52-week low of $151.80 and are now trading 30% above that low price at $197.47 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Vertex Pharm and will alert subscribers who have VRTX in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders vertex pharm

Ticker(s): VRTX