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. However, the stock has recently broken down through an important fibonacci fan trendline at 12.62 suggesting the next support level is at 10.48. This weakness suggests the long-term uptrend is turning neutral.

The stock has support at 10.48 and 8.57. If the stock breaks down through support at 10.48 then it will probably continue lower to 8.57. The stock will meet resistance at 12.62 and 19.44. If the stock breaks up through resistance at 12.62 then it will probably continue higher to 19.44. The 200-day moving average is at 4.08. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (75.92), and turning down, which suggests a pause or possible pullback, especially if near resistance. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”

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 12.57 and 10.43. If the stock breaks down through support at 12.57 then it will probably continue lower to 10.43. The stock will meet resistance at 19.44 and 22.90. If the stock breaks up through resistance at 19.44 then it will probably continue higher to 22.90. The 200-day moving average is at 4.02. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (84.32), and turning down, which suggests a pause or possible pullback, especially if near resistance. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”

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 10.00 and 8.57. If the stock breaks down through support at 10.00 then it will probably continue lower to 8.57. The stock will meet resistance at 15.06 and 16.07. If the stock breaks up through resistance at 15.06 then it will probably continue higher to 16.07. The 200-day moving average is at 3.87. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (86.17).”

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 10.00 and 8.57. If the stock breaks down through support at 10.00 then it will probably continue lower to 8.57. The stock will meet resistance at 15.06 and 16.07. If the stock breaks up through resistance at 15.06 then it will probably continue higher to 16.07. The 200-day moving average is at 3.87. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (86.17).”

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 10.00 and 8.57. If the stock breaks down through support at 10.00 then it will probably continue lower to 8.57. The stock will meet resistance at 14.56 and 16.87. If the stock breaks up through resistance at 14.56 then it will probably continue higher to 16.87. The 200-day moving average is at 3.75. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (81.44).”

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 10.00 and 8.72. If the stock breaks down through support at 10.00 then it will probably continue lower to 8.72. The stock will meet resistance at 13.25 and 13.93. If the stock breaks up through resistance at 13.25 then it will probably continue higher to 13.93. The 200-day moving average is at 3.69. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (77.95).”

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).”