NASDAQ trade advice (B): US Biotechnology stock | 5-6% gain | USA stock trading idea on 9 Jul 2024

Analysed By
Stock Market
NASDAQ, United States of America

Target hit. Trade closed.

NASDAQ VRTX

9 Jul 2024
25 Jul 2024
30 Jul 2024
15 days
Loss per
100,000 USD
Stop-loss
460
Buy Advice
9 Jul 2024
475 - 480
Target 1
25 Jul 2024
500
Target 2
30 Jul 2024
505
Profit per
100,000 USD
15 days
13103
460
475 - 480
500
505
13103
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Vertex Pharmaceuticals
  • 475 – 480
  • 500 – 505
  • Below 460
  • 5% – 6%
  • 12 - 14 Days
  • Buy Vertex Pharmaceuticals
  • Buy
    Range
    475 – 480
  • Target 500 – 505
  • Stoploss Below 460
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Vertex Pharmaceuticals (NASDAQ: VRTX) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • VRTX
  • Vertex Pharmaceuticals
  • Biotechnology
  • 486.425
  • 339.02
  • NASDAQ code VRTX
  • Stock Name Vertex Pharmaceuticals
  • Sector Biotechnology
  • 52 Weeks High 486.425
  • 52 Weeks Low 339.02
  • Company profile

    Vertex Pharmaceuticals Incorporated, a biotechnology company, focuses on developing and selling therapies for cystic fibrosis (CF). The company offers various treatments such as TRIKAFTA/KAFTRIO, SYMDEKO/SYMKEVI, ORKAMBI, and KALYDECO for different age groups of CF patients. Additionally, the company’s pipeline includes VX-522, VX-548, Exa-cel, inaxaplin, Type 1 Diabetes, VX-970, and cancer treatments. Vertex Pharmaceuticals Incorporated, established in 1989, is based in Boston, Massachusetts.

  • Vertex Pharmaceuticals (NASDAQ: VRTX) vs NASDAQ - Relative Strength Comparison

    The image highlights Vertex Pharmaceutical's performance over the last year versus NASDAQ.
    Relative Performance - Last 1 Year
    VRTX —   NASDAQ —

  • Vertex Pharmaceuticals (NASDAQ: VRTX) - Technical Analysis (Daily)

    Vertex Pharmaceuticals - Technical Analysis chart on Daily Price and Volume
    Vertex Pharmaceuticals - Technical Analysis chart on Daily Price and Volume

    • The price has been steadily increasing and consistently forming higher highs and lows.
    • Recently, the price formed a bullish Pole & Flag pattern during its upward trend.
    • With a new breakout, the price is expected to continue rising.
    • As long as the price stays above the 460 level, the overall sentiment will remain bullish.
  • Vertex Pharmaceuticals (NASDAQ: VRTX) - RSI Indicator

    • Current RSI of this stock is 63.94, which indicates the strength of buyers.

  • Vertex Pharmaceuticals (NASDAQ: VRTX) - ADX & DI Indicator

    Vertex Pharmaceuticals stock analysis based on ADX & DI indicator
    Vertex Pharmaceuticals - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Vertex Pharmaceuticals (NASDAQ: VRTX) - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Vertex Pharmaceuticals (NASDAQ: VRTX) Stock Price Forcast

    Based on our stock trading advice in United States, Vertex Pharmaceuticals stock price target will be USD 500 - USD 505 in the next 12-14 trading sessions.

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