When the Price of Sarepta Therapeutics Inc. Com SRPT Talks, People Listen

October 02, 2022, 05:45 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Sarepta Therapeutics Inc. Com (NASDAQ: SRPT) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for SRPT can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for SRPT

• Buy SRPT slightly over 105.27 target n/a stop loss @ 104.97. Details

The technical summary data tells us to buy SRPT near 105.27, 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 104.97 to protect against excessive loss in case the stock begins to move against the trade. 105.27 is the first level of support below 110.54, and by rule, any test of support is a buy signal. In this case, if support 105.27 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 112.67, target n/a, Stop Loss @ 112.34 Details

If 112.67 begins to break higher, the technical summary data tells us to buy SRPT just slightly over 112.67, with an upside target of n/a. The data also tells us to set a stop loss @ 112.34 in case the stock turns against the trade. 112.67 is the first level of resistance above 110.54, and by rule, any break above resistance is a buy signal. In this case, 112.67, 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 112.67, target 105.90, Stop Loss @ 113. Details

The technical summary data is suggesting a short of SRPT if it tests 112.67 with a downside target of 105.90. We should have a stop loss in place at 113 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, 112.67, 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 112.67, target n/a, Stop Loss @ 112.41 Details

If 112.67 begins to break higher, the technical summary data tells us to buy SRPT just slightly over 112.67, with an upside target of n/a. The data also tells us to set a stop loss @ 112.41 in case the stock turns against the trade. 112.67 is the first level of resistance above 110.54, and by rule, any break above resistance is a buy signal. In this case, 112.67, 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 112.67, target 110.47, Stop Loss @ 112.93. Details

The technical summary data is suggesting a short of SRPT if it tests 112.67 with a downside target of 110.47. We should have a stop loss in place at 112.93 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, 112.67, 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 October 02:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	72.46
P2	105.99	105.90	88.44
P3	110.47	112.67	105.27

Support and Resistance Plot Chart for SRPT

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