We're seeing consolidation forming above 34.88, my entry point from last week. Today's 5% decline doesn't seem completely out of line, given today's tape and broad selling. The 35 handle held, and today's lows stayed above last week's lows. I'm using today to buy more and still targeting 42.00.
Note
Awful day today for SRPT. After touching resistance on the open above 38, the stock has followed the market lower to the tune of +5%. Again, 34.88 is key to hold. Will continue to watch. Stop below 33.93.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.