SmarTrend Detects Continued Selling Pressure in Shares of Novavax (NVAX)
Friday, March 19, 2010 - 11:31
Written on Fri, 03/19/2010 - 11:31am
By Chip Brian

SmarTrend identified a Downtrend for Novavax (NASDAQ:NVAX) on September 17, 2009 at $5.00. In approximately 6 months, Novavax has returned 55.6% as of today's recent price of $2.22.
Novavax is currently below its 50-day moving average of $2.40 and below its 200-day moving average of $3.45. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Novavax.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): NVAX

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