Vertex Pharmaceuticals: 11 Weeks In, the Decline Loses Steam

Vertex Pharmaceuticals is at week 11 of a sell signal, with the position down 2.74% from entry. Last week closed nearly flat, but the AT reading over the last 4 weeks tells a more nuanced story: the decline is progressively losing steam. A double bottom in the 416 area and an 11% rebound are in play — the bearish front needs close monitoring.