Cathy Wood from Ark Invest & Insider recent bought show confidence !
$CRISPR Therapeutics (CRSP.US)$Here is the Monthly chart of Crispr, with the Bollinger Bands (volatility indicator) having narrowed and the 9's (indicator tool) suggesting an immediate reversal. We see that the volume is sustained over time, and that the last 4 months have increased.
The Weekly chart shows clearly a Bullish pattern. There's a Descending Triangle that continues it's formation on an important support key level. We can see the Positive Divergences with RSI & KDJ.
In the Daily, we are below the 200MA, near the 52w Low. Stock price is oversold and consolidating. Indicator tools are getting ready for Goldencross and rebound !
The average analyst price target is $67.94 and a maximum of $105. Morningstar analysts give it 5 stars out of 5, which is not common, and a target price of $106.
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