When Sarepta Therapeutics Inc. Com ($SRPT) Moves Investors should Listen

November 11, 2023, 02:15 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SRPT

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short SRPT slightly under 104.57, target n/a, stop loss @ 104.87 Details

The technical summary data is suggesting a short of SRPT as it gets near 104.57, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 104.87. 104.57 is the first level of resistance above 79.45, and by rule, any test of resistance is a short signal. In this case, if resistance 104.57 is being tested, so a short signal would exist.

Swing Trading Plans for SRPT

• Buy SRPT slightly over 89.03, target 104.57, Stop Loss @ 88.77 Details

If 89.03 begins to break higher, the technical summary data tells us to buy SRPT just slightly over 89.03, with an upside target of 104.57. The data also tells us to set a stop loss @ 88.77 in case the stock turns against the trade. 89.03 is the first level of resistance above 79.45, and by rule, any break above resistance is a buy signal. In this case, 89.03, 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 89.03, target 72.48, Stop Loss @ 89.29. Details

The technical summary data is suggesting a short of SRPT if it tests 89.03 with a downside target of 72.48. We should have a stop loss in place at 89.29 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, 89.03, 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 81.11, target 89.03, Stop Loss @ 80.92 Details

If 81.11 begins to break higher, the technical summary data tells us to buy SRPT just slightly over 81.11, with an upside target of 89.03. The data also tells us to set a stop loss @ 80.92 in case the stock turns against the trade. 81.11 is the first level of resistance above 79.45, and by rule, any break above resistance is a buy signal. In this case, 81.11, 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 81.11, target 72.48, Stop Loss @ 81.3. Details

The technical summary data is suggesting a short of SRPT if it tests 81.11 with a downside target of 72.48. We should have a stop loss in place at 81.3 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, 81.11, 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. Com (SRPT) available here: SRPT.

SRPT Ratings for November 11:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	104.57
P2	62.88	72.48	118.45
P3	81.11	89.03	135.07

AI Generated Signals for SRPT

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Sarepta Therapeutics Inc. Com (NASDAQ: SRPT) report below is a real world example. Included are trading plans for SRPT, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.