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US Technical Analysis Report

One NASDAQ-Listed Biotechnology Stock Poised for Upside as Russell 3000 Reaches New Peaks – CRSP

Feb 23, 2024

Company Overview: CRISPR Therapeutics AG (NASDAQ: CRSP) is a Switzerland-based gene editing company focused on the development of CRISPR/Cas9-based therapeutics. This Report covers the Price Action, Technical Indicators Analysis along with the Target Levels, Stop Loss, Support Levels, Resistance Levels, and Recommendation on stock.

US Markets Round-Up

This week, the Russell 3000 index, an important benchmark of the US stock market across market capitalizations, started negatively, however it later transformed into a positive trajectory. The index made high of 2915.365 during the week and settled at 2911.401 with a week-to-date (WTD) gain of ~1.346 percent on February 22, 2024Other major indices, such as S&P 500 and NASDAQ Composite witnessed upside for the week. On February 22, 2024, the S&P 500 index settled at ~5087.02 with a WTD gain of ~01.63 percent, while the NASDAQ Composite Index settled at 16041 with a WTD gain of ~1.686 percent. 

Having understood the US market performance over the week, taking cues from major global news, and based on technical analysis of the Russell 3000 index for the upcoming week, now let’s have a look at the one NASDAQ-listed stock to pick from the technical standpoint. Noted below recommendation is based on the entry price, target prices, and stop-loss for CRISPR Therapeutics AG (NASDAQ: CRSP) for the next 2-4 weeks duration: 

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