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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Adelle who wrote (102492)6/15/2000 4:23:00 PM
From: Jenna  Read Replies (2) of 120523
 
Adelle, VRTX is more like a V-cup and handle. The V just means the base has not had enough time to form solidly and therefore no rounding occurred. It just spiked down and then up so the breakouts from a V-cup are more volatile and less dependable than from C-Cup. On the other hand, VRTX is a favorite biotech (unless there is bad news) and biotechs are not the kind of stocks that wait and form solid bases
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