Chart Analysis: ACHN, ASM, GERN, SRPT

I was looking through my watchlist last night for some interesting daily charts and came up with the following…


ACHN has been basing the last few weeks, and as of yesterday looks like it’s making another upswing in the base, probably up to $4.30 and possibly higher.


ASM made a nice breakout the day before yesterday, with excellent continuation yesterday. It looks like it should easily close the gap to $1.78, and I would guess should be in a good position to run to $2.20-ish where it will run into the short term downtrend line.


Like ACHN, GERN has been basing for a while, and looks like it’s ready to make another bounce up to $2.25-2.30, and could potentially punch above the resistance in that zone to go for the gap fill at $2.86.


SRPT just tagged and rebounded from its lower channel boundary yesterday, so should – if the trend holds, of course – rebound to move higher into the channel, with a likely first stop in mid/lower channel at around $40.

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