Sarepta Therapeutics (SRPT) Breaking out of long-term consolidation
Stock: Sarepta Therapeutics (SRPT)
Long or Short: Long
Entry: $33.07
Stop-Loss: $31.85
Chart: Sarepta Therapeutics (SRPT) Daily Swing Trade Setup
Reason for Trade: SRPT has formed a base over the last 4 months and is now sitting above key price support, which should give it enough of a base to launch from. This is a highly volatile stock so be ready for a lot of movement out of the stock. Also be careful with market orders trading this stock. I used a limit order to make sure I got the price I wanted.
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