Vertex Pharmaceuticals (VRTX) NewsBite - One of Today's Top Gainers So Far

Posted: Wednesday, September 24, 2008 3:25 PM EDT

Vertex Pharmaceuticals (VRTX) leads the list of top gainers so far today and is now at $32.00, up $4.70 (17.22%) on volume of 5,377,644 shares traded. Over the last 52 weeks the stock has ranged from a low of $13.84 to a high of $39.48. Vertex Pharmaceuticals stock has been showing support around $26.13 and resistance in the $28.73 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 November out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]

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