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Novavax, Inc. Message Board

  • seabmg11 seabmg11 Jan 10, 2013 7:51 PM Flag

    Flu Season could spike NVAX shares.

    Traders looking for a risky way to profit from higher influenza cases should turn to NVAX and SVA. These speculative ideas could be just what the doctor ordered.

    NVAX broke above its long-term downtrend line (blue) last June, soaring 100% to $2.40 from $1.20. It’s been in consolidation mode during the past seven months and buyers have been reluctant to let the shares slip much below $1.80 (blue arrows).

    Traders can enter around $2 and set a stop loss at $1.80. Initial resistance doesn’t occur until $2.40 and if the influenza story heats up, this stock could bolt to $3.60 - the next level of resistance - on nothing but pure speculative momentum.

    Sentiment: Strong Buy

 
NVAX
7.88+0.22(+2.87%)May 6 4:00 PMEDT