Sell signal under review, week 3
Novavax drops 4.2%, but its double bottom in the 8.3 area keeps holding
Sell signal under review, week 3
Our view last week
Novavax is in the 2nd week of a sell signal, and this week it gained 9.7%: signal strength drops to 5 out of 100, a decline losing steam. The setup quality indicator sits at 57 out of 100, in the ordinary range, and Novavax ranks 101st among the 137 US sell signals. The stock remains highly volatile, and our quality band flags trading as not recommended.
This week's summary
Novavax shares dropped 4.2% this week, reversing the prior week's 9.7% bounce that had closed the Sell signal's confirmation week bullish. Signal strength stays very low, at 9 out of 100 — a decline losing steam — while on the daily chart a double bottom in the 8.3 area keeps holding. Our model flags trading as not recommended.
IQS Phase
62
ordinary
Signal Strength
9
decline losing steam
Sizing
MINIMUM
Ranking
#75 / 137
US stocks sell signals
Trade P&L %
-5.07%
from signal to today
restricted Platinum content