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Sorrento Therapeutics Inc (SRNE) “On a long-term technical basis, the stock (SRNE) is trading above its 200-day moving average which generally implies it is in a positive trend.
The stock has support at 8.57 and 7.22. If the stock breaks down through support at 8.57 then it will probably continue lower to 7.22. The stock will meet resistance at 10.00 and 10.56. If the stock breaks up through resistance at 10.00 then it will probably continue higher to 10.56. The 200-day moving average is at 3.63. This will also act as support. The stock is slightly overbought according to the Stochastic Indicator (73.97).”
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