(SRPT) Proactive Strategies

November 30, 2024, 20:18 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SRPT

• Buy SRPT near 116.12 target 136.61 stop loss @ 115.78 Details

The technical summary data tells us to buy SRPT near 116.12 with an upside target of 136.61. This data also tells us to set a stop loss @ 115.78 to protect against excessive loss in case the stock begins to move against the trade. 116.12 is the first level of support below 133.34 , and by rule, any test of support is a buy signal. In this case, support 116.12 would be being tested, so a buy signal would exist.

• Short SRPT slightly under 136.61, target 116.12, stop loss @ 137 Details

The technical summary data is suggesting a short of SRPT as it gets near 136.61 with a downside target of 116.12. We should have a stop loss in place at 137though. 136.61 is the first level of resistance above 133.34, and by rule, any test of resistance is a short signal. In this case, if resistance 136.61 is being tested, so a short signal would exist.

Swing Trading Plans for SRPT

• Buy SRPT slightly over 134.27, target 136.61, Stop Loss @ 133.88 Details

If 134.27 begins to break higher, the technical summary data tells us to buy SRPT just slightly over 134.27, with an upside target of 136.61. The data also tells us to set a stop loss @ 133.88 in case the stock turns against the trade. 134.27 is the first level of resistance above 133.34, and by rule, any break above resistance is a buy signal. In this case, 134.27, 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 134.27, target 119.24, Stop Loss @ 134.66. Details

The technical summary data is suggesting a short of SRPT if it tests 134.27 with a downside target of 119.24. We should have a stop loss in place at 134.66 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, 134.27, 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 134.27, target 135.34, Stop Loss @ 133.96 Details

If 134.27 begins to break higher, the technical summary data tells us to buy SRPT just slightly over 134.27, with an upside target of 135.34. The data also tells us to set a stop loss @ 133.96 in case the stock turns against the trade. 134.27 is the first level of resistance above 133.34, and by rule, any break above resistance is a buy signal. In this case, 134.27, 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 134.27, target 119.24, Stop Loss @ 134.58. Details

The technical summary data is suggesting a short of SRPT if it tests 134.27 with a downside target of 119.24. We should have a stop loss in place at 134.58 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, 134.27, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Sarepta Therapeutics Inc. (SRPT) available here: SRPT.

SRPT Ratings for November 30:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	116.12
P2	135.34	119.24	136.61
P3	142.38	134.27	158.33

AI Generated Signals for SRPT

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Don't over think it!  Trading Sarepta Therapeutics Inc. (NASDAQ: SRPT) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SRPT change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SRPT is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for SRPT too.  All of these are offered below the Summary Table.