VRTX holding support zone near 80.
Technically Speaking
A nice range has formed b/w the support zone at 75-80ish to resistance at 103ish level. Say a 25-27 dollar range.
Fundamentals
Vertex is a pharma co. You can read a summary of what they do here.
What to do?
First, what type of trade is this, a technical trade or a core long? I don't have any special insight into this company, so this would be a technical trade for me.
If trading technically, trade the range with a stop on either side. I would be more willing to hold a long, looking for a break up through resistance.
OVER THE LONG TERM, THE WAY TO WIN IS TO HOLD ONTO YOUR WINNERS, AND CUT YOUR LOSERS. IT IS AS SIMPLE AND AS HARD AS THAT.
A nice range has formed b/w the support zone at 75-80ish to resistance at 103ish level. Say a 25-27 dollar range.
Fundamentals
Vertex is a pharma co. You can read a summary of what they do here.
What to do?
First, what type of trade is this, a technical trade or a core long? I don't have any special insight into this company, so this would be a technical trade for me.
If trading technically, trade the range with a stop on either side. I would be more willing to hold a long, looking for a break up through resistance.
OVER THE LONG TERM, THE WAY TO WIN IS TO HOLD ONTO YOUR WINNERS, AND CUT YOUR LOSERS. IT IS AS SIMPLE AND AS HARD AS THAT.
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