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Vertex Pharmaceuticals Incorporated Message Board

  • voclrmet voclrmet Dec 19, 2013 10:46 AM Flag

    VRTX shows great growth potential.

    VRTX shows great growth potential. Strong technical buying signal at stoxline website with the $82.57 target price in six months.

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    • That's in fact not good new. Current price is 70$ plus, and target of $82.57?? Often target prices are 10-20% exaggerated. In addition, a target price of $82.57? What model did they use to predict to the cent?? Any people with science background know this is a joke. A simple $83 target would be more convincing.

      Overall, very volatile stock. GLTA

      • 1 Reply to haimiao2009
      • johnf50@rocketmail.com johnf50 Dec 19, 2013 11:39 AM Flag

        You are right on Haimiao. Technical price targets are pure speculation. What I have found very reliable though is to use fundamental analysis discounted for risks to determine a range of prices. The technical movements almost always move within those ranges. When they don't, clearly someone has missed something and that is where insight is usually found.

        Secondly, I have found Eastern TA to be far more reliable than Western TA. I highly recommend "Japanese Candlestick Charting Techniques" - Nison.

        That said, $82.57 is BS, $83 is too low... and today's pick up volume on the news is very impressive. VERY BULLISH.

        My opinion this goes higher... in fact, I speculate an anticipation accumulation back into the prior high ranges $85 to $90 by the end of 1Q:14.

        ~ J

        Sentiment: Buy

 
VRTX
64.17-0.22(-0.34%)Apr 17 4:00 PMEDT

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