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How the (SRRK) price action is used to our Advantage

Longer Term Trading Plans for SRRK
  • Buy SRRK slightly over 14.26 target 18.2 stop loss @ 14.22 Details
  • The technical summary data tells us to buy SRRK near 14.26 with an upside target of 18.2. This data also tells us to set a stop loss @ 14.22 to protect against excessive loss in case the stock begins to move against the trade. 14.26 is the first level of support below 15.75 , and by rule, any test of support is a buy signal. In this case, support 14.26 is being tested, a buy signal would exist.

  • Short SRRK slightly under 18.2, target 14.26, stop loss @ 18.25 Details
  • The technical summary data is suggesting a short of SRRK as it gets near 18.2 with a downside target of 14.26. We should have a stop loss in place at 18.25though. 18.2 is the first level of resistance above 15.75, and by rule, any test of resistance is a short signal. In this case, if resistance 18.2 is being tested, a short signal would exist.

Swing Trading Plans for SRRK
  • Buy SRRK slightly over 16.54, target 18.2, Stop Loss @ 16.49 Details
  • If 16.54 begins to break higher, the technical summary data tells us to buy SRRK just slightly over 16.54, with an upside target of 18.2. The data also tells us to set a stop loss @ 16.49 in case the stock turns against the trade. 16.54 is the first level of resistance above 15.75, and by rule, any break above resistance is a buy signal. In this case, 16.54, 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 SRRK slightly near 16.54, target 15.5, Stop Loss @ 16.59. Details
  • The technical summary data is suggesting a short of SRRK if it tests 16.54 with a downside target of 15.5. We should have a stop loss in place at 16.59 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, 16.54, 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 SRRK
  • Buy SRRK slightly over 15.86, target 16.54, Stop Loss @ 15.82 Details
  • If 15.86 begins to break higher, the technical summary data tells us to buy SRRK just slightly over 15.86, with an upside target of 16.54. The data also tells us to set a stop loss @ 15.82 in case the stock turns against the trade. 15.86 is the first level of resistance above 15.75, and by rule, any break above resistance is a buy signal. In this case, 15.86, 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 SRRK slightly near 15.86, target 15.5, Stop Loss @ 15.9. Details
  • The technical summary data is suggesting a short of SRRK if it tests 15.86 with a downside target of 15.5. We should have a stop loss in place at 15.9 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, 15.86, 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  Scholar Rock Holding Corporation (SRRK) Page here: SRRK.

SRRK Ratings for February 12:

Term →Near Mid Long
Rating Strong Strong Strong
P1 0 0 10.45
P2 15.42 15.5 14.26
P3 15.86 16.54 18.2
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Support and Resistance Plot Chart for SRRK

SRRK Long Term Analysis for February 12 2024

Blue = Current Price
Red= Resistance
Green = Support

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Scholar Rock Holding Corporation (NASDAQ: SRRK) data table below can help you with price action, and we have more details too. Trading plans for SRRK are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.