Heyer sold 500,000 shares Jan. 7th. Now has zero. So, no more selling pressure from him. His cost basis was very low. Congrats Andrew, and thanks for the investment. However, we are glad to see you out.......next stop, $3.00
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.