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

[Ramsburg]

Update:

Looks like we've just missed NVAX again... our «near $4.60» buying suggestion was not good enough to meet NVAX's low of $4.75... 

I see an important support level near $4.60, so I'll just upgrade a few more ticks our re-entry zone, and keep waiting...

Standby re-entry plan:
Buy NVAX again near $4.70

Best regards,

[Dracull]

Ramsburg,

I would love to re-enter on this stock, I have a strong believe on biotechs, since 2000 as you may remember. Are the 4,70 still valid or we should upgrade our buying point?

Dracull

[Ramsburg]

Ramsburg,

I would love to re-enter on this stock, I have a strong believe on biotechs, since 2000 as you may remember. Are the 4,70 still valid or we should upgrade our buying point?

Dracull

Hi Dracull,

Yes, the $4.70 is still valid with the «standby trading plan». Don't forget we are using the «near» condition, which means that we may be a bit flexible with this price (more or less 5 ticks up or down).

NVAX has been very volatile for the past weeks, it's a pity that we missed our first re-entry attempt by a few ticks, but even with that volatility the stocks behavior has been neutral since then. We are not chasing it just because we want to use a relatively tight stop after we get in.

Best regards

[Ramsburg]

Update:

Cancel the Standby re-entry plan.

Reason: we are close to 100% invested right now, and we don't have room for NVAX.

best regardsm

[LT500r]

This almost looks like one of Terlisos T3MLs to me.Just needs some volume to come into play.What do you think Terliso?

[soxguy]

is nvax on anyone's radar at this level? will it drop more?  soxguy

[bocasva]

NVAX has been in my radar for a few days, I shorted the sucker at 4.89 after it broke the recent horizontal support.
Today's sell-off might just be the climax of the recent correction.
I'm paying close attention to how it closes in relation to the 200ema.
Would like to cover between 3.75 and 4 if allowed and then look to go long.

[soxguy]

still watching this one drop. where's the bottom?  soxguy

[bocasva]

I just covered my short at 3.93......I think bottom has been found. I will go long as soon as I see confirmation

[lancefur]

I knew Ramsburg was watching this for a while with a plan to get back in at 4.70. Glad that was cancelled since 3SOF must have seen something they didn't like. Wondering if that has changed at all?

[setravis]

Keep an eye on her.......

Support @ $4.09...3.91...3.62
Resistance @ $4.37...4.58...4.87

52wk Range: 2.84 - 8.39
Volume: 2,694,884
Avg Vol (3m): 1,352,850

Technicals
Percentage Gainer

Last Price Quote is:
-2.63%below 13-day MA
-8.32%below 50-day MA
RS Rating: 70 

Fundamentals
Key Data:
Market Cap (M): $224.58 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 03/07/2007
Last Analyst Rating: Sector Perform

Below are the 6 month and 1 year charts...

[mbaugh]

I like the look of this chart:

http://stockcharts.com/h-sc/ui?s=NVAX&p=D&st=2005-05-02&id=p87212933748&a=93439447&listNum=-1

I have been a long-term holder of NVAX and I firmly believe good things are to come in 2007.  I am expecting the CDC results sometime in January and there is the speculation of Govt. Money coming soon.  However, I believe the strong bounce off the major support line makes for a lower risk entry point on NVAX, I believe it will quickly climb back above its 50 day and 200 day lines.  Also NVAX is very close to forming a bullish cross and this will improve the trading picture as well.  Good Luck and Happy New Year!

[LT500r]

NVAX just did a .618 Fibonacci retracement.It could be primed for a run up.

[mbaugh]

Is anyone else here following NVAX.  BCRX received an govt. award of over 100 million today.  NVAX, I believe will be receiving an award very soon.  Also the long-term chart showed a nice bounce off the trend line.  Although the stock is below its 50 and 200 day, I believe an entry here with a stop of around 3.76 would provide a low risk-high reward position.

See the chart below.

http://stockcharts.com/h-sc/ui?s=NVAX&p=D&st=2005-05-02&id=p87212933748&a=93439447&listNum=-1

[la-onda]

ready for bouncing back  ?