Novavax Inc. Attempts To Clear the $7 Hurdle

Novavax Inc.

shares are trading higher by $0.68 at $6.95 in Tuesday's session. The only relevant news out on the issue is an article in the The Cerbat Gem highlighting the average rating of 'Buy' by Wall Street analysts. After a higher open, it retrated only $0.02 to $6.38 before resuming its move higher. So far, it has reached $7 and is and is not far off that level. The issue has made multiple attempts to get into the $7 handle since June 7. Also, it made a pair of higs at that area in early January, If the rally contiues, there may additional resistance at he pair of highs from January 8 ($7.16) and January 9 ($7.18).