CRSPR Therapeutics is in the gene-editing business, purposed with using the technology to cure serious diseases, including cancer. I have no special knowledge or expertise in this area, but I’ve added the stock to the touts list simply because it looks like it might be fun to trade. For starters, I’ll suggest using the pattern shown to generate a ‘mechanical’ buy signal. Strictly speaking, a pullback to the green line would do that, but we’ll bid for 2o0 shares a tad below it, at 45.80, because of the steep pitch of the stock’s pullback from p=54.76. I may adjust this recommendation, so stay tuned to the chat room and be sure to check ‘Email Notifications’ on your account page if you want to stay closely apprised. This is the first time I’ve offered a trade of this sort, but you can look for more of them in the future: promising, affordable stocks – either to trade, or to add to one’s investment portfolio. _______ UPDATE (April 17, 11:34 p.m. EDT): The stock has been head-butting the 54.76 midpoint pivot for a week, but if and when it pushes past it the 69.26 target will be in play. You may be on your own for this one, since the options are illiquid and rigged, and because I never use breakout strategies to get long. If the stock should generate a ‘camouflage’ buy signal when I am in the chat room, I will note it. Otherwise, it’s going to be catch-as-catch-can for all of you Pivoteers. _______ UPDATE (April 19, 9:36 p.m.): Thar she blows! ________ UPDATE (April 22, 5:08 p.m.): CRSP turned weak above the red line, so I’ll recommend entering a ‘mechanical’ bid for 200 shares at x=47.50, stop 40.25. I doubt the stock will pull back quite that far, but we have nothing to lose by being ready for it. I may substitute a ‘camouflage’-style entry if warranted, so stay tuned if you’re interested. _______ UPDATE (April 24, 12:20 p.m.) Cancel the 47.50 mechanical bid; we’ll use another tactic get long with less initial risk. My concern is AMZN, which is getting hit so hard ahead of Thursday’s earnings that it might induce an air pocket in the stock market between now and then. On the 30-minute chart. CRSP looks like it is setting up for a fall to 45.77. Here’s the chart.
