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Sarepta Therapeutics, Inc. Message Board

  • bud_rolfs bud_rolfs Mar 20, 2013 4:55 PM Flag


    On Monday, March 13th, I posted this:forecast for an ABC PATTERN:

    "DAILY: “COMPLEX ABC” set up that projects primarily to between $34.95 and $37.47 with 5% chance of going as high as $39.03; IF we take out $32.40 on more than 3.85 million shares daily volume. If we close over $32.40 on less volume, max height COULD be reduced. Any move over $35 PTR will force a subsequent RETEST of $35."

    SRPT confirmed that ABC PATTERN on March 14 ON VOLUME of 4.17 million. Our projection was for a range primarily between $34.95 and $37.47; and we actually TOPPED OUT Tuesday at $34.94, just 1 penny shy. (Not bad for government work...)

    Since you always get a retracement after an ABC; that is just what we should expect, and since we just did a "1 to 1 ABC", we should only get a nominal retracement to between $30.86 and $32.36. As we come back we want volume to lighten up; and that will set us up for the NEXT ABC PATTERN that should take us to the $37-$39 area.

    God bless....Bud

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