Trading Sarepta Therapeutics Inc. Com $SRPT With Integrated Risk Controls

March 17, 2023, 10:03 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Sarepta Therapeutics Inc. Com (NASDAQ: SRPT) report below can help you, but we have more details too. The trading plans for SRPT, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for SRPT

• Buy SRPT slightly over 112.44 target 126.75 stop loss @ 112.12 Details

The technical summary data tells us to buy SRPT near 112.44 with an upside target of 126.75. This data also tells us to set a stop loss @ 112.12 to protect against excessive loss in case the stock begins to move against the trade. 112.44 is the first level of support below 121.01 , and by rule, any test of support is a buy signal. In this case, support 112.44 would be being tested, so a buy signal would exist.

• Short SRPT slightly under 126.75, target 112.44, stop loss @ 127.12 Details

The technical summary data is suggesting a short of SRPT as it gets near 126.75 with a downside target of 112.44. We should have a stop loss in place at 127.12though. 126.75 is the first level of resistance above 121.01, and by rule, any test of resistance is a short signal. In this case, if resistance 126.75 is being tested, so a short signal would exist.

Swing Trading Plans for SRPT

• Buy SRPT slightly over 126.75, target 139.99, Stop Loss @ 126.38 Details

If 126.75 begins to break higher, the technical summary data tells us to buy SRPT just slightly over 126.75, with an upside target of 139.99. The data also tells us to set a stop loss @ 126.38 in case the stock turns against the trade. 126.75 is the first level of resistance above 121.01, and by rule, any break above resistance is a buy signal. In this case, 126.75, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SRPT slightly near 126.75, target 112.44, Stop Loss @ 127.12. Details

The technical summary data is suggesting a short of SRPT if it tests 126.75 with a downside target of 112.44. We should have a stop loss in place at 127.12 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 126.75, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SRPT

• Buy SRPT slightly over 126.75, target 139.99, Stop Loss @ 126.45 Details

If 126.75 begins to break higher, the technical summary data tells us to buy SRPT just slightly over 126.75, with an upside target of 139.99. The data also tells us to set a stop loss @ 126.45 in case the stock turns against the trade. 126.75 is the first level of resistance above 121.01, and by rule, any break above resistance is a buy signal. In this case, 126.75, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SRPT slightly near 126.75, target 112.44, Stop Loss @ 127.05. Details

The technical summary data is suggesting a short of SRPT if it tests 126.75 with a downside target of 112.44. We should have a stop loss in place at 127.05 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 126.75, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

SRPT Ratings for March 17:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	112.44
P2	144.05	139.99	126.75
P3	147.95	154.55	141.63

Support and Resistance Plot Chart for SRPT

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