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Look for Shares of Dynavax Technolo to Potentially Pullback after Yesterday's 4.12% Rise

By James Quinn

Dynavax Technolo (NASDAQ:DVAX) traded in a range yesterday that spanned from a low of $9.75 to a high of $10.40. Yesterday, the shares gained 4.1%, which took the trading range above the 3-day high of $9.90 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Dynavax Technolo share prices have moved between a 52-week high of $17.50 and a 52-week low of $3.20 and are now trading 215% above that low price at $10.07 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%.

SmarTrend recommended that subscribers consider buying shares of Dynavax Technolo on March 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.70. Since that recommendation, shares of Dynavax Technolo have risen 44.8%. We continue to monitor DVAX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders dynavax technolo

Ticker(s): DVAX