Freedom 35 Top Long Stock Pick VRTX June 9 2014

The top long stock pick on the list is VRTX, Vertex Pharmaceuticals Inc.  (NASDAQ: VRTX).  VRTX is in the biotech sector and trades on the NASDAQ.  We like VRTX as a long for tomorrow for the following reasons:

  • The stock has bottomed out in April along with the rest of the sector
  • After making a series of higher lows the stock had a nice day up several weeks ago
  • Since then the stock has been consolidating
  • The sector has also been heating up recently
  • Today the stock sold off earlier in the session and moved up to close strongly

We will see if this stock is able to break out to the upside tomorrow.  If the stock moves up above $73.77 we will consider it as a long with a price target of $75.36 as an intra-day trade.  A daily chart of VRTX is below:

 

The Stock Market Basics

Freedom 35 Plan

Here’s what we’ve got for you:

Daily Stock Picks

Earnings Alerts

Proprietary algorithm-based market scans