Stock Picks For This Week - Pep Boys, Expedia And Vertex Pharmaceuticals

Chart courtesy of stockcharts ( click to enlarge )

Vertex Pharmaceuticals (VRTX) broke out this week on pretty good volume. If this chart does what is supposed to do, it will be going higher in the weeks to come. At the moment, I’m buyer only once it breaks through Friday’s high of $36.20 for the continuation move. Stochastics and the RSI are overbought but remain bullish signaling. Technically, the stock is in a strong Bull Market with share price above 20 dma, 50 dma and 200 daily moving average. Keep it on the radar.

Chart courtesy of stockcharts ( click to enlarge )

Expedia (EXPE) shares continue to channel down and only a move past $16.05 would impart a positive trend. The major resistance is at this level, followed by $17.65. The support is at $14.82. Some indicators are improving but it needs to breakout above the $16.05 resistance to confirm the change in trend.

Chart courtesy of stockcharts ( click to enlarge )

Pep Boys (PBY) recorded a new high in the last trading session. The stock topped at 10.4 and closed at 10.17, up 0.48 cents (+5%) on volume of 1.53 M, above the average . The technical daily chart show a continuation of the trend with MACD and RSI in the Bullish areas. Let’s see if next week the stock will confirm the breakout. For the long term the stock should still continue to go up.

Disclaimer: Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

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