NASDAQ:SRPT SAREPTA THERAPEUTICS INC
We're seeing consolidation forming above 34.88, my entry point from last week. Today's 5% decline doesn't seem completely out of line, given today's tape and broad selling. The 35 handle held, and today's lows stayed above last week's lows. I'm using today to buy more and still targeting 42.00.
Comment: Awful day today for SRPT. After touching resistance on the open above 38, the stock has followed the market lower to the tune of +5%. Again, 34.88 is key to hold. Will continue to watch. Stop below 33.93.