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Novavax Bearish Moving Average Crossover Alert (NVAX)

By James Quinn

Today, shares of Novavax (NASDAQ:NVAX) have fallen below their 10-day MA of $7.40 on a volume of 4.4 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Novavax have traded between a low of $4.07 and a high of $15.01 and are now at $6.87, which is 69% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Novavax on May 24th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.45. Since that recommendation, shares of Novavax have risen 39.0%. We continue to monitor NVAX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Novavax

Ticker(s): NVAX