Vertex Pharma (VRTX) Offering Possible 5.26% Return Over the Next 14 Calendar Days

Vertex Pharma's most recent trend suggests a bearish bias. One trading opportunity on Vertex Pharma is a Bear Call Spread using a strike $160.00 short call and a strike $165.00 long call offers a potential 5.26% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $160.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $165.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Vertex Pharma is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Vertex Pharma is bearish.

The RSI indicator is at 71.34 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Vertex Pharma

Vertex’s latest FDA nod could boost sales by $150M: analyst
Wed, 02 Aug 2017 16:35:08 +0000
Vertex Pharmaceuticals could see its annual revenue increase by more than $150 million following an FDA decision on Tuesday that will allow hundreds of new patients to use its cystic fibrosis drug Kalydeco, according to one analyst. The FDA initially approved Kalydeco in 2012 for cystic fibrosis patients with one specific type of genetic mutation that causes the lung disease, but it has since gradually expanded the approval to cover additional patients. The latest boost came on Tuesday, when Vertex (VRTX) said that the FDA had approved Kalydeco for use in more than 600 patients who have any of five different mutations.

Biotech Stock Roundup: Q2 Earnings from Gilead, CELG & More, Dynavax Up on Panel Vote
Wed, 02 Aug 2017 12:32:12 +0000
Companies like Gilead (GILD) topped expectations in the second quarter while Dynavax shot up on a positive FDA advisory panel vote.

Vertex Pharmaceuticals, Inc. :VRTX-US: Earnings Analysis: Q2, 2017 By the Numbers : August 1, 2017
Tue, 01 Aug 2017 16:09:47 +0000
Categories: Yahoo FinanceGet free summary analysis Vertex Pharmaceuticals, Inc. reports financial results for the quarter ended June 30, 2017. We analyze the earnings along side the following peers of Vertex Pharmaceuticals, Inc. – Gilead Sciences, Inc., AbbVie, Inc., Merck & Co., Inc., Bristol-Myers Squibb Company and Johnson & Johnson (GILD-US, ABBV-US, MRK-US, BMY-US and JNJ-US) that have … Read more
(Read more…)

FDA Approves KALYDECO® (ivacaftor) for More Than 600 People Ages 2 and Older With Cystic Fibrosis Who Have Certain Residual Function Mutations
Tue, 01 Aug 2017 12:01:00 +0000
Vertex Pharmaceuticals Incorporated today announced that the U.S. Food and Drug Administration has approved KALYDECO® for use in more than 600 people with cystic fibrosis ages 2 and older who have one of five residual function mutations that result in a splicing defect in the cystic fibrosis transmembrane conductance regulator gene.

Vertex Pharmaceuticals Incorporated Chugs Along
Fri, 28 Jul 2017 14:00:00 +0000
The biotech continues to sell more of its cystic fibrosis drugs, using the profits to fund development of more drugs. Rinse and repeat.

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