Thursday, July 05, 2007

VRTX - Vertex Pharmaceuticals is a buy

VRTX which is currently at 52 week low is a strong buy based on technicals, valuation and a probablility of the drug coming to market before 2010.

Look at the trading in the stock and the volume. It's at a great place technically. See the strong volume on up days. Today it picked up in the last 45 minutes or so on very heavy volume. There might be a rumor of a buy out but surely don't trade based on that.

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