Vertex (VRTX) is part of the healthcare sector, which is one of the strongest sectors in the market. It is also part of the biotech industry, which is one of the strongest industry groups in the healthcare sector. This puts strong sector and industry group performance in its favor. On the price chart, VRTX hit 52-week highs in March-April and then consolidated into mid June. The stock broke above the April trend line with a surge over the last four days and is threatening resistance from the early June high. A follow through breakout here would argue for a continuation of the bigger uptrend and challenge to the March-April highs.
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Choose "full quote" to see the information box at the top of your chart. StockCharts users can enter $SECTOR as a "price" indicator and $INDUSTRY to chart the associated sector or industry group. Note that the sector and industry group will now change according to the symbol. For example, change the symbol to MSFT and the $SECTOR will automatically change to Technology and the $INDUSTRY will change to Software. Cool, huh!
