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curtmelonopoly
Mar 1, 2018 12:38 PM

#Premarket Price Testing Up-channel Option on News 

Novavax, Inc.NASDAQ

Description

Look out for a charting scenario similar to the earnings pop in Macy's from yesterday during premarket. Related link has been included.

Technicals:
1. Trading 2.75 in premarket as of writing, up 26.27%
2. Price has been testing its MA's, with bounces off the 200, 100, and 20
3. MACD pinched, and is turned up
4. Overhead diagonal resistance is currently being tested premarket in the 2.70-2.80 range

Fundamentals:
NVAX up 22% in #AfterHours trading after news: Novavax NanoFlu™ vaccine demonstrates improved immune responses compared to egg-based, high-dose flu vaccine.
https://www.marketwatch.com/story/novavax-stock-jumps-15-after-positive-flu-vaccine-study-2018-02-28?siteid=yhoof2&yptr=yahoo

For the complete technical analysis on this swing trading set-up, including full price extensions and bullish/bearish targets, click here: compoundtrading.com/swing-trading-periodical-contact
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