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Vertex Pharmaceuticals (VRTX) Trading Near $142.82 Support Level

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Vertex Pharmaceuticals (<a href="http://www.marketintelligencecenter.com/symbol/VRTX">VRTX</a>) could yield about 3.15% (32.86% annualized, for comparison purposes only) in 35 days. Pair a long position in the stock with the Dec 15, 2017 $145 call for a net debit of about $140.56. This position also has 5.12% downside protection. Vertex Pharmaceuticals closed at $148.16 Nov 9, 2017. Technical indicators for VRTX are bearish and support and resistance have been about $142.82 and $151.18, respectively.A

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