Strong name and see the chart. It has bounce unlimited amount of times from 0.236fib (114.43 ish). Wait for this to come down to this price or close to it. I am willing to play this name for earning run 100%.
I expect this to be near 140 by the time er comes in.
1) Local Adam & Eve top potential... or play it safe and wait for confirmation on a break of $110.58
2) Top of current downward channel
3) RSI, MFI, Accumulation bearish ALL diverging on the daily for the past several days
4) Broader markets ready for a correction
5) Death cross OTW on the daily chart
In other words... sell.
$SRPT RSI looking oversold on the daily chart, held trend line support well today. Expecting a bounce in the near/medium term.
Targeting $160 at least by next earnings release late October.
Note: Informational analysis, not investment advice.
Bearish Butterfly with bearish divergence. I'm waiting for price to consolidate in the potential reversal zone (the highlighted box) and make a move down before I enter this one.