This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Sarepta Therapeutics(SRPT - Get Report) is a biopharmaceutical company focused on the discovery and development of RNA-based therapeutics for the treatment of both rare and infectious diseases. This stock is trading up 16% at $12.53 in recent trading.
Today's Volume: 2.4 million
Average Volume: 888,214
Volume % Change: 325%
Shares of SRPT are ripping higher today after ThinkEquity initiated coverage on the stock with a buy rating and a $15 price target.
>>5 Stocks Poised for Breakouts
From a technical perspective, SRPT is exploding higher here with above average volume, and this stock has entered breakout territory since it's moved above some near-term overhead resistance at $10.78.
Traders should now look for long-biased trades as long as SRPT is trending above that breakout level of $10.78 or today's low of $11.65 with strong upside volume flows. I would consider any upside volume day that registers near or above 888,214 shares as bullish. If we continue to see that action, then SRPT has a great chance of hitting $15 in the near future.