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With the stock market pressing up against all-time highs, investors are on the hunt to find new sectors to jump into. One of those sectors which has gotten a lot of attention over the last two weeks is the gene-editing space.

 

And several stocks in the sector have seen a massive spike in price.

Is now the time to get in or is this a sell the news moment?

We breakdown five of the most compelling stocks in the space and give a technical chart breakdown.

CRSP

Near term- range 157.50 resistance, 162.50 breakdown point, 169.76 recent high

Bigger Picture View – 220 All Time high

EDIT

Near Term- 54 break down point was prior support, 56.50 prior resistance, 59.89 recent high

Bigger Picture- 70 breakdown point, 87 major resistance, 99.95 all time high

NTLA

Near Term- 165.65 breakdown point, 185.60 breakdown point

Bigger Picture- 202.73 all time high

BEAM

Near Term: 123 breakdown point, 132 breakdown point, 138.08 recent high

Bigger Picture: 123 Major area of prior resistance, 138.52 All time High

REGN

Near Term: 583 gap fill, 585 range resistance, 592.69 recent high

Bigger Picture: 593 recent high, 620- 6 month high breakdown point, 640 Major area of resistance, 664.64 All time high

Bottom Line

Stocks in the gene-editing space have pulled back from their highs or are consolidating near their highs. This presents a great buying opportunity in a new sector that overall has not run as much as others and has plenty of room for growth after periods of consolidation.

Author:
Jason Bond

Jason taught himself to trade while working as a full-time gym teacher; his trading profits grew eventually allowed him to free himself of over $250,000 in student loans!

Now a multimillionaire and a highly skilled trader and trading coach, Over 30,000 people credit Jason with teaching them how to trade and find profitable trades. Jason specializes in both swing trades and in selling options using spread trades, which balance the risk of selling options. Jason is Co-Founder of RagingBull.com and the RagingBull.com Foundation which donates trading profits to charity. So far the foundation donated over $600,000 to charity.

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