January 13, 2020
Stocks To Watch This Week
Novavax, Inc. ($NVAX) is a Biotechnology company in the Healthcare sector. This company sky rocketed on Friday, based purely on momentum from its news catalyst earlier in the week. The company stated “Wednesday the U.S. Food and Drug Administration has granted Fast Track Designation for NanoFlu, its recombinant quadrivalent seasonal influenza vaccine candidate, adjuvanted with Matrix-M, in adults 65 years of age and older. The biotechnology company said the ongoing Phase 3 clinical trial is intended to evaluate the immunogenicity and safety of NanoFlu compared with the quadrivalent formulation of Fluzone.” I plan to day trade this if the momentum is still hot on Monday. I am looking for the technical breakout over $6.25 natural resistance level!
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