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TMCNet:  Hot Stock: Novavax, Shares Gain 5.0% (NVAX)

[April 01, 2013]

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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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