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Dynavax Technolo Falls 4.15% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Dynavax Technolo (NASDAQ:DVAX) traded in a range yesterday that spanned from a low of $16.05 to a high of $16.83. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $16.25 on volume of 715,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Dynavax Technolo has traded in a range of $3.20 to $24.45 and is now at $16.10, 403% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Dynavax Technolo on November 14th, 2017 by issuing a Downtrend alert when the shares were trading at $17.90. Since that call, shares of Dynavax Technolo have fallen 5.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders dynavax technolo

Ticker(s): DVAX