Bollinger Band Squeeze
SRPT looks like she will pop soon. The bollinger bands are contracted and are squeezing the keltner channel for a classic bollinger band squeeze.
It is not a given which way this will pop, could go up or down..but a move is coming.
There are pocket pivots under price
Short is a bit over 9%. Negative volume is high on SRPT.
Keltner Channels are volatility-based envelopes set above and below an exponential moving average. This indicator is similar to Bollinger Bands, which use the standard deviation to set the bands. Instead of using the standard deviation, Keltner Channels use the Average True Range (ATR) to set channel distance.
No recommendation
It is not a given which way this will pop, could go up or down..but a move is coming.
There are pocket pivots under price
Short is a bit over 9%. Negative volume is high on SRPT.
Keltner Channels are volatility-based envelopes set above and below an exponential moving average. This indicator is similar to Bollinger Bands, which use the standard deviation to set the bands. Instead of using the standard deviation, Keltner Channels use the Average True Range (ATR) to set channel distance.
No recommendation
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