Vertex Pharmaceuticals Incorporateds stock price (VRTX) returned higher in latest intraday trading, benefiting from dynamic support due to trading above the 50-day SMA, amid the dominance of the main upward trend in the short term. With this rise, the stock is now attacking the current resistance level of $467.85. However, in contrast, we notice negative signals starting to stream from the Stochastic after reaching extremely overbought levels, which may cap upcoming gains.

Therefore we expect the stock to rise in upcoming trading, especially if it breaches the mentioned resistance of $467.85, targeting the next resistance at $498.00.

Todays price forecast: Bullish