NVAX - Sector: Healthcare --- Industry: Biotechnology & Drugs

[ScottishTrader]

Any NVAX holders long HEB as well?  Looks like all bird flu stocks are ripping today, but HEB is up 19% as I write this - Am up over 40% since last week.  Just broke 3.70 which was the high of the last big run-up, I think it is going much higher....

GL all

[LiveLife]

NVAX update at swing trading MB:

http://www.3stocksonfire.org/trading/index.php?topic=3635.375#top

[Melf Elf]

Melf Elf
well 5.15 has been hit, since I'm still long I'd be very interested in your take on this leg up. I know that targets hit should lead me to do some selling but the fundamentals lead me to think I should add at some point. I'll wait for your take on this one. Thanks Mike

Mike,

In case you aren't aware, earnings are due out tomorrow, March 1, before the bell.  Since we're so close to the 5.87 target, I personally don't find it worth holding the stock into earnings, but that's up to you, of course.

As far as the chart, when the 4.88-4.89 and the 5.15 targets MADE, we also got the mid-December to mid-February Symmetrical Triangle breakout (pattern in bold purple), which put a target of 5.87 IN PLAY.  We got to within twelve cents of that target yesterday (high was 5.75).  NVAX was at 5.80 in after hours, so we're real close to that target.

I know that you like NVAX longer-term, Mike,  but I don't have an opinion about that.  I just play the patterns.

Good luck!

[1reilly]

Melf Elf
I was worried about you since you hadn't posted for awhile. This group needs your input. Thanks for your thoughts. I had decided to lighten up today and will. I still think it's their technology that makes this stock a winner long term. I also know I can always buy this Dandy back.
Mike

[Melf Elf]

I had decided to lighten up today and will.

That's good, Mike.  We got a gift at the open of 6.00.  The 5.87 target MADE, and more (high of 6.15), then the stock sold off.  It's a good idea to take profits at/near targets.

If NVAX gets whacked tomorrow on earnings like VPHM is today, that gap at 5.12-5.21 from last Friday could get filled.  At any rate, I'm out.  All 3 upside targets have MADE.

[Melf Elf]

If NVAX gets whacked tomorrow on earnings like VPHM is today, that gap at 5.12-5.21 from last Friday could get filled.  At any rate, I'm out.  All 3 upside targets have MADE.

Mike,

They're "selling the earnings news," after reaching our 3 upside targets. 

We broke below a Symmetrical Triangle at the open.  The bottom of that pattern had 3 hits to it, validating it as support.  That trendline "should be" resistance on any rally attempt here.

Given the broken Symmetrical Triangle, I'd say good chance that we get the 5.12-5.21 gap fill.

NVAX currently is BID 5.50...ASK 5.51

[1reilly]

Melf I'm watching that gap. I'm going to buy this one back but i'd like to see some consolidation if not we're going to have some easy re-entry points should this thing turn up. Thanks for your thoughts.
mike

[margeri]

Nvax up  .19  today!

[1reilly]

Melf
I can't seem to get a chart posted today so I'll just ask you to look at the 3 last candles printed and tell me if this doesn't resemble the three candles printed in late Dec which led to a move from 3 to 4.80. With today's close I'm inclined to re-enter this tomorrow. If you have any thoughts I'd appreciate hearing them. That goes for anybody else also.
Mike

[eliteG]

We've got to bring this David Randolph beauty back to the active 3SOF portfolio!  We must have at least one avian flu play to be a properly positioned portfolio. 

A special thank you to all the members who continued to follow and contribute to this thread!  A ton of great information here.

NVAX - in a very nice, bullish technical formation.  One could see a cup with handle, one could see an ascending triangle.. but most would agree that this is just plain powerful.  I wanted to highlight that NVAX displays cupping volume.  This is something I have noticed to be a very powerful signal.  Volume is flowing into this stock when it rises which leads me to believe traders and investors are making sure this one does not fly by them 

We will buy NVAX @ open tomorrow.

[stocky]

Way to go G, but I would like David to read this:

"We want you back on the panel".

I am picketing with every post on the members section.

[berloga]

I fully support stocky on this one! We DO want David here as well. David is the reason I joined and Michael and ElitG have not proven to me yet that they can make me money, like David did. Nothing personal, but I want David to watch over the transition period. Please understand.

[usedcasting]

I fully support stocky on this one! We DO want David here as well. David is the reason I joined and Michael and ElitG have not proven to me yet that they can make me money, like David did. Nothing personal, but I want David to watch over the transition period. Please understand.

me too!

[minkielover]

I strongly agree with usedcasting  & Berloga.
I want Dave back here!
I want Dave back here!
I want Dave back here! 

[Tirebldr]

I've been following The Elite One for a long time now. He will make you money. You just got to have faith. And allow David to be nursed back to health.