The Hourly View for SRPT
At the moment, SRPT (Get Ratings)’s price is up $0.23 (0.34%) from the hour prior. SRPT has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
SRPT ranks 87th in terms of today’s price percentage change out of Pharmaceutical Products stocks.
SRPT’s Technical Outlook on the Daily Chart
Currently, SRPT’s price is up $0.12 (0.18%) from the day prior. This move is a reversal from the day prior, which saw price move down. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows SRPT’s price action over the past 90 days.
SRPT: Daily RSI Analysis
Want More Great Investing Ideas?