[isatrader]

what do you make of SRPT?

I'd say the gap up above the still declining 30 week MA puts it's into Stage 1 now, as it can't be Stage 2A until the 30 week MA turns up. As remember, one of Stan's Don't Commandments from the book (p129) is: Don't buy a stock that has a declining 30 week MA (even if the stock is above the MA).

As it currently it breaks the methods rules, I'd put it on my watchlist and see how it reacts on it's next significant weekly pullback towards the February highs and the 10 week MA, as if it shows the right signs at that point i.e. holding at support and the 30 week MA turning up, then it might form an entry point that would be much lower risk. That's just my opinion though.