No sir, the PTR is still $35
PTRs do not change..
1. It is very clear the we have a PTR at $25. Anyone with a candlestick chart and a ruler can figure that out.
2. It is equally clear that we have another PTR at $30. Just look at the RETESTING of that $30 PTR during the 9 trading days following the dramatic high volume breakthrough of that $30 PTR on February 27th.
Now, since THAT GAP was $5, wouldn't it make sense for the next major resistance level to be $5 higher at the $35 area? Well, why do you think we TOPPED OUT at the $34.94 area on March 19th?
More circumstantial corroborating evidence that the DAILY CHART PTR resistance levels are every $5...?
Where did we TOP OUT on the big SPIKE UP on October 3rd? EXACTLY...$45.00 NOT A COINCIDENCE!
I think what you are seeing is really more of just a very tight sideways move that is about a DOLLAR FIFTY or so in range and is just SITTING on the $32.50 MID-PTR ICE SUPPORT & RESISTANCE. Though MID-PTR ICE is weaker than a PTR, it is still "ICE" as Richard WyKoff would define it, so it is sufficient support right now for SRPT because there is little SELLING PRESSURE.
However, depending on today's Leerink's conference call, it might break it.
Any favorable update on eteplirsen, or unfavorable update on Drisapersen would
likely act as a catalyst, and move the stock past $34 easily.