Sarepta is on the brink of a considerable breakout and the NASDAQ:ARRY deal yesterday has just added more fuel to the fire. Currently sitting just below the 200ma and the $128 price level,a break above looks inevitable and all indicators are very bullish with the RSI aalso breaking out.
AVERAGE ANALYSTS PRICE TARGET $204
AVERAGE ANALYSTS RECOMMENDATION ...
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.