How the price action of Sarepta Therapeutics Inc. Com ($SRPT) is used to our Advantage
June 09, 2023, 21:45 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SRPT
- Buy SRPT slightly over 124.97 target 141.84 stop loss @ 124.61 Details
The technical summary data tells us to buy SRPT near 124.97 with an upside target of 141.84. This data also tells us to set a stop loss @ 124.61 to protect against excessive loss in case the stock begins to move against the trade. 124.97 is the first level of support below 127.67 , and by rule, any test of support is a buy signal. In this case, support 124.97 would be being tested, so a buy signal would exist.
- Short SRPT slightly under 141.84, target 124.97, stop loss @ 142.25 Details
The technical summary data is suggesting a short of SRPT as it gets near 141.84 with a downside target of 124.97. We should have a stop loss in place at 142.25though. 141.84 is the first level of resistance above 127.67, and by rule, any test of resistance is a short signal. In this case, if resistance 141.84 is being tested, so a short signal would exist.
Swing Trading Plans for SRPT
- Buy SRPT slightly over 141.84, target 160.26, Stop Loss @ 141.43 Details
If 141.84 begins to break higher, the technical summary data tells us to buy SRPT just slightly over 141.84, with an upside target of 160.26. The data also tells us to set a stop loss @ 141.43 in case the stock turns against the trade. 141.84 is the first level of resistance above 127.67, and by rule, any break above resistance is a buy signal. In this case, 141.84, 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 141.84, target 126.06, Stop Loss @ 142.25. Details
The technical summary data is suggesting a short of SRPT if it tests 141.84 with a downside target of 126.06. We should have a stop loss in place at 142.25 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, 141.84, 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 129.03, target 141.84, Stop Loss @ 128.73 Details
If 129.03 begins to break higher, the technical summary data tells us to buy SRPT just slightly over 129.03, with an upside target of 141.84. The data also tells us to set a stop loss @ 128.73 in case the stock turns against the trade. 129.03 is the first level of resistance above 127.67, and by rule, any break above resistance is a buy signal. In this case, 129.03, 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 129.03, target 126.74, Stop Loss @ 129.33. Details
The technical summary data is suggesting a short of SRPT if it tests 129.03 with a downside target of 126.74. We should have a stop loss in place at 129.33 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, 129.03, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Sarepta Therapeutics Inc. Com (SRPT) available here: SRPT.
SRPT Ratings for June 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
124.97 |
| P2 |
126.74 |
114.03 |
141.84 |
| P3 |
129.03 |
126.06 |
160.26 |
AI Generated Signals for SRPT
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 Sarepta Therapeutics Inc. Com (NASDAQ: SRPT) data table below can help you with price action, and we have more details too. Trading plans for SRPT 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.
Fundamental Charts for SRPT:
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