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Vertex Pharmaceuticals Incorporated Message Board

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  • stymie_da_fool stymie_da_fool Dec 21, 2005 12:12 PM Flag

    MRK Wants to ACQUIRE BIOTECHS -- VRTX?!

     

    Interesting....

    My take is the chart's showing signs of wear. Note that each new high since Oct 3 has occurred with sequentially lower RSI. OBV has been good and could explain off the loss in RSI if we could get some volume back into the game. If today's volume continues to be anemic I would say we've reached a local maximum and will need to do further work on creating a base before moving significantly higher.

    All this will become meaningless if buyers do arrive later in the session and we see a new high on volume, otherwise.....?

    This topic is deleted.
 
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