Bridgewater, MA (February 27, 2013) - StockConsultant.com provides automated stock consulting on over 6000 US equities. Each detailed stock report contains easy to use technical analysis indicators, charts, and news to fine tune stock entry and exits. Today’s stock (NASDAQ:SRPT) is one from our daily "Stocks to Watch" list and found using the site's powerful stock screen for breakouts.
Sarepta Therapeutics Inc (NASDAQ:SRPT) founded in 1980 and is headquartered in Bothell, WA. The biopharmaceutical company is engaged in the developing of novel RNA-based therapeutics for rare and infectious diseases. SRPT has been building a base in the 25 to 30 price area for the past 3 months. The stock is has now moved above 30 and is now a confirmed breakout.
Abbreviated SRPT support and resistance map:
CURRENT PRICE 31.64, just above resistance, 29.22 ± 1.61, type triple+, strength 10
RESISTANCE ABOVE None.
SUPPORT BELOW -7.6% at 29.22 ± 1.61, type triple+, strength 10
-18.8% at 25.68 ± 1.41, type triple+, strength 10
-28.6% at 22.58 ± 1.24, type single, strength 1
SRPT Breakout details:
BREAKOUT CONFIRMED breakout above 30.81, no resistance in area just above.
Type: True breakout from triple+ resistance.
Target: 38.5, 21.7% Stop: 28.71, Loss: 9.3%, Profit/Loss ratio: 2.3 : 1 - Good
SRPT stock chart
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