Market Blog Technical Analysis

Sangamo Therapeutics Inc (NASDAQ:SGMO) Positioned For An Upside Breakout

Antonio's Perspective Sangamo Therapeutics Inc (NASDAQ:SGMO) jumped 75 cents, or 7.85%, Friday to close at 10.25, just slightly below its key resistance at 10.50. A break above this level could move the stock significantly higher on the way to targets of 11.30 (R2) and then 12.10. Initial stop loss is 9.12 (EMA9). Looking at the technical chart, daily technical indicators are turning bullish. MACD is rising above its signal line in positive