SRPT confirmed breakout

Discussion in 'Stocks' started by Stocks4life, Feb 27, 2013.

  1. 30 break has got this stock moving again.

    Confirmed breakout out of the 3 month 25-30 price area.

    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

    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

    Stock chart

    [​IMG]

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?&symbol=SRPT