CRISPR Stock May Hit Resistance Before Long-Term Breakout

At $38, CRISPR (CRSP) finds itself at the lower end of a price consolidation, as it attempts to define a price direction for the 3rd quarter of 2019. What is the outlook for the stock of a leader in the field of gene editing?

CRSP posted a 13.4% gain in April 2019 on the back of the fast track status granted to its drug CTX001 by the FDA, for the treatment transfusion-dependent beta thalassemia. This news enabled CRSP to push out from the downward channel to post some gains which found resistance at $40.27. Still, the opportunity within gene editing medicine has long-term investors intrigued.

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