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Hot Stock: Novavax, Shares Gain 5.0% (NVAX)Apr 01, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Novavax (NASDAQ:NVAX) is one of today's best performing low-priced stocks, up 5.0% to $2.40 on 1.2x average daily volume. Novavax has traded 1.1 million shares thus far today, vs. average volume of 906,000 shares per day. The stock has outperformed the Dow (5.0% to the Dow's -0.2%) and outperformed the S&P 500 (5.0% to the S&P's -0.5%) during today's trading. Potential upside of 56.6% exists for Novavax, based on a current level of $2.40 and analysts' average consensus price target of $3.75. The stock should discover initial support at its 50-day moving average (MA) of $1.94 and subsequent support at its 200-day MA of $1.92. Novavax share prices have moved between a 52-week high of $2.44 and a 52-week low of $1.12 and are now trading 114% above that low price at $2.40 per share. Over the past week, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 0.4%. Novavax, Inc. is a clinical stage biotechnology company. The Company creates novel vaccines to address a broad range of infectious diseases worldwide using proprietary virus-like particle (VLP) technology. SmarTrend recommended that subscribers consider buying shares of Novavax on December 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.97. Since that recommendation, shares of Novavax have risen 15.7%. We continue to monitor NVAX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |