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Look for Shares of Sarepta Therapeu to Potentially Pullback after Yesterday's 1.84% Rise

By Nick Russo

Sarepta Therapeu (NASDAQ:SRPT) traded in a range yesterday that spanned from a low of $35.00 to a high of $36.15. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $35.63 on volume of 837,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Sarepta Therapeu and will alert subscribers who have SRPT in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Sarepta Therapeu has traded in a range of $16.52 to $63.73 and is now at $35.96, 118% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 1.5%.

Keywords: rebounders sarepta therapeu

Ticker(s): SRPT