Novavax Inc (NASDAQ:NVAX) Massive Head & Shoulders Formation
By George Zabel
November 02, 2009 11:59 AM
November 02, 2009 11:59 AM
Symbols: NVAX
Novavax Inc (NVAX) appears to have formed a valid bearish flag, trading at $3.87 and that is just a part of a bigger H & S bearish formation, NVAX stands a good chance of making a big, sharp drop down to below $1.50.
Options trading activity and implied volatility confirm this scenario, it’s entirely possible to implement a bearish technique using Dec Put contracts. Always check out premium pricing activity before considering a bearish Put scenario.
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