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

Date
July 9, 2024
Analysed By
Arijit Banerjee
Stock Market
NASDAQ, United States of America

Short Term Stock Trading Advice in USA

  • 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.

    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
  • 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

    Vertex Pharmaceuticals stock analysis based on RSI indicator
    Vertex Pharmaceuticals - 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

    Vertex Pharmaceuticals stock analysis based on EMA Crossover
    Vertex Pharmaceuticals - 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 Forecast

    Based on our US stock market trading signals, Vertex Pharmaceuticals stock price target will be USD 500 - USD 505 in the next 12-14 trading sessions.

  • Share with
    0 0 votes
    Article Rating
    Subscribe
    Notify of
    guest
    0 Comments
    Inline Feedbacks
    View all comments
    Join Our Telegram Channel for Saudi Stock Market Update
    Saudi Stock Analysis
    Join Our Telegram Channel for USA Stock Analysis Update

    Target hit. Trade closed.

    NASDAQ VRTX

    9 Jul 2024
    25 Jul 2024
    30 Jul 2024
    15 days
    Loss per
    100,000 SAR
    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 SAR
    15 days
    13103
    460
    475 - 480
    500
    505
    13103
    9 Jul 2024
    25 Jul 2024
    30 Jul 2024
    15 days
    Loss per
    100,000 SAR
    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 SAR
    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
  • 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

    Vertex Pharmaceuticals stock analysis based on RSI indicator
    Vertex Pharmaceuticals - 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

    Vertex Pharmaceuticals stock analysis based on EMA Crossover
    Vertex Pharmaceuticals - 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 Forecast

    Based on our US stock market trading signals, Vertex Pharmaceuticals stock price target will be USD 500 - USD 505 in the next 12-14 trading sessions.

  • Share with
    0 0 votes
    Article Rating
    Subscribe
    Notify of
    guest
    0 Comments
    Inline Feedbacks
    View all comments

    Join Our Telegram Channel for USA Stock Market Update

    USA Stock Analysis

    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website