Trading Sarepta Therapeutics Inc. Com SRPT With Integrated Risk Controls

January 16, 2023, 07:30 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SRPT

• Buy SRPT slightly over 119.08 target n/a stop loss @ 118.74. Details

The technical summary data tells us to buy SRPT near 119.08, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 118.74 to protect against excessive loss in case the stock begins to move against the trade. 119.08 is the first level of support below 126.7, and by rule, any test of support is a buy signal. In this case, if support 119.08 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for SRPT

• Buy SRPT slightly over n/a, target n/a, Stop Loss @ 0 Details

If n/a begins to break higher, the technical summary data tells us to buy SRPT just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 126.7, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 n/a, target 121.09, Stop Loss @ 0. Details

The technical summary data is suggesting a short of SRPT if it tests n/a with a downside target of 121.09. We should have a stop loss in place at 0 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, n/a, 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 n/a, target n/a, Stop Loss @ 0 Details

If n/a begins to break higher, the technical summary data tells us to buy SRPT just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 126.7, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 n/a, target 121.18, Stop Loss @ 0. Details

The technical summary data is suggesting a short of SRPT if it tests n/a with a downside target of 121.18. We should have a stop loss in place at 0 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, n/a, 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.

Real Time Updates are available on our Sarepta Therapeutics Inc. Com (SRPT) Page here: SRPT.

SRPT Ratings for January 16:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	85.70
P2	118.66	117.29	102.05
P3	121.18	121.09	119.08

Support and Resistance Plot Chart for SRPT

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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.