Sarepta Therapeutics SRPT Stock & Option Trade Ideas

Based on the technical data for SRPT:

• The MACD (Moving Average Convergence Divergence) crossed below the Signal Line, indicating a bearish signal.
• The price is below the lower Bollinger Band, suggesting an oversold condition.
• The RSI (Relative Strength Index) is below 30, indicating an oversold condition.

Trading Strategies for SRPT:

• Stock Trade: Considering the oversold conditions indicated by both the Bollinger Bands and RSI, a potential stock trade could be to buy SRPT at the current lower price levels and hold for a rebound in price as the stock may be due for a reversal.
• Option Trade: Given the bearish MACD signal, an option trade to capitalize on the downward momentum could be to purchase put options. A suitable strategy could be to purchase short-term put options with a strike price slightly below the current price level of SRPT.