VRTX - Vertex Pharmaceuticals Inc - Page 2

Nice move today, +25% to 23.45

already up a dollar on newsletter mention short call.... weeeeeeeeeeee

Im +$3 on short call here on VRTX..... i've been banking winners.....

thats +$8 on short call today.. weeeeeeeeeeee

The daily and weekly both look bullish to me. I bought some MAR 40 calls yesterday for .3, basically an all or nothing play.

Head and shoulders breakout on the weekly chart, pulled back to test new support. Golden cross on the daily chart with price trading above all the moving averages. This is a strong looking stock.

My software isn't working now, but VRTX is 97% held by institutions and more than 2% held by insiders.

you still here simon ?

nice day today...big volume...

Watch the volume early tomorrow.

Great long term chart here:

Vertex's Eyes Upcoming PDUFA/NDA for Incivek

 

Vertex Pharmaceuticals, a pharmaceutical company focused on small molecule drugs targeting a number of diseases, could see near-term upside upon PDUFA approval of its Incivek NDA on May 23, 2011. Meanwhile, the company also benefited from the recent FDA approval of telaprevir for people with genotype 1 chronic hepatitis C.

Goldman Sachs is very bullish on the stock – and particularly the near-term call options – saying that they may make the company a more attractive M&A target. The analyst issued a $59.00 per share price target, but noted upside that could approach $87.00 in the event of an acquisition. Meanwhile, similar sentiments were echoed by ThinkEquity, which maintains a $62.00 per share price target.

 

Source: SA article by Monger

I like the H&S setup with the declining volume...got one put in here to see if I can catch the action.

 

up 10% premarket..

UP 52% today. Talk about a jump for a local Massachusetts company.