Chart of the Day: A Rectangle Pattern Has Formed in CRISPR Therapeutics (CRSP)

CRISPR Therapeutics (CRSP) is trading in a horizontal channel, also known as a rectangle pattern, and a significant move in the stock is expected soon…

CRISPR Therapeutics (CRSP) a gene-editing company that is engaged in the development of CRISPR/Cas9-based therapeutics. CRISPR/Cas9 is a technology that allows for precise, directed changes to genomic DNA. This technology that can repair defective genetic material has game-changing potential. The lead candidate in its pipeline is CTX001, which is an investigational ex vivo CRISPR gene-edited therapy currently being developed for treating TDT and severe SCD.

Take a look at the 1-year chart of CRSP below with added notations…

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