The following is a Novavax Inc ( NVAX ) stock technical analysis for August 31, 2009Novavax Inc. Support & Resistance Levels - 8/31/09
Resistance Levels: $6.00, $6.30, $8
Support Levels: $5.49, $5.00
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Novavax, Inc. (NVAX) continues to run up on swine flu news as this company could have a promising H1N1 vaccine. Support for the stock is currently located at $5.50 with pullbacks below the 10 day moving average becoming a strong buy. On the upside, NVAX has been having trouble closing over $6 where there is major selling Resistance. A close over $6 would be very bullish!
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