Vertex Pharmaceuticals (VRTX) NewsBite - VRTX Could Be On the Move

Posted on Thursday, August 28, 2008 12:12 PM
Vertex Pharmaceuticals (VRTX) could be on the move today and is now at $27.15, up $0.12 (0.44%) on volume of 284,674 shares traded. Over the last 52 weeks the stock has ranged from a low of $13.84 in March to a high of $41.42 in September. Vertex Pharmaceuticals stock has been showing support around $26.22 and resistance in the $27.88 range. Technical indicators for the stock are bullish and S&P gives VRTX a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on VRTX the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]
Stocks To Watch Today: GE, XTO, TM, GM, KEY, APC, NUE, JCP, DE, CAM, KLAC, NOC (Click Symbol For Latest News)

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