simonsays452
Long

SRPT looking ripe for a breakout above 38

NASDAQ:SRPT   SAREPTA THERAPEUTICS INC
30 2 0
We've been watching SRPT             consolidate for a few weeks now between the 35 fib extension support level and 38 resistance level . We've been building our position with $40 calls, adding on drops into the 35 area.
Yesterday, we saw the stock top 38 on the open only to end the day down +4%. With this morning's announcement, we gain a timetable for risk, which makes it's a bit easier to structure trades. The stock is up 7% and getting ready to breakout. Strap in. Looking for a re-test of $42 on optimism.
Comment: Only a minute or so later, we broke above consolidation resistance. Sitting tight.
Took another look at upside targets. Yesterday's breakout forms a flag pattern from 11/19's low. This pattern predicts a target of 50. This coincides perfectly with fib extension at 49.72. First stop is surely 42, but I believe 50 could be the next stop.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out