Vertex Pharmaceuticals Inc. (VRTX) has made an upside breakout. There is still room for further gains so let's check out the charts and indicators.
In the daily bar chart of VRTX, below, we can see that in October prices broke out to new 2019 highs. We can see a small pullback/retest earlier this month and now a resumption of the advance. Prices are above the rising 50-day moving average line and the rising 200-day moving average line. We can also see that the 50-day line recently crossed above the 200-day line for a bullish golden cross.
The daily On-Balance-Volume (OBV) line has also moved up a new 2019 high to confirm the price gains and tell us that buyers of VRTX have been more aggressive.
A Moving Average Convergence Divergence (MACD) oscillator buy signal earlier this month adds to the bullish configuration.