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Look for Shares of Dynavax Technolo to Potentially Pullback after Yesterday's 2.41% Rise

By Shiri Gupta

Dynavax Technolo (NASDAQ:DVAX) traded in a range yesterday that spanned from a low of $20.15 to a high of $22.80. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $21.11 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Dynavax Technolo and will alert subscribers who have DVAX in their portfolio or watchlist when shares have changed trend direction.

Dynavax Technolo share prices have moved between a 52-week high of $24.45 and a 52-week low of $3.20 and are now trading 535% above that low price at $20.33 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 1.1%.

Keywords: rebounders dynavax technolo

Ticker(s): DVAX