Vertex Pharmaceuticals may rise to 523.00 - 531.00

477 is our pivot point.

Our preference

The upside prevails as long as 477 is support.

Alternative scenario

The downside breakout of 477 would call for 463 and 455.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 476.7535 and 457.2106).

Supports and resistances

539 **

531 *

523 **

514

488.74 (USD-last)

483

477 **

463 *

455 **

Number of asterisks represents the strength of support and resistance levels.