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Bullish Moving Average Cross by Dynavax Technologies (DVAX)

By Shiri Gupta

Today, shares of Dynavax Technologies (NASDAQ:DVAX) have advanced above their 10-day MA of $11.34 on a volume of 2.2 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Dynavax Technologies share prices have been bracketed by a low of $10.11 and a high of $32.49 and are now at $12.78, 26% above that low price. The 200-day and 50-day moving averages have moved 1.08% lower and 1.47% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Dynavax Technologies on September 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $13.17. Since that call, shares of Dynavax Technologies have fallen 20.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses dynavax technologies

Ticker(s): DVAX