MomentumTradingHQ.com Featured Stock for the Week of 8/5/24 - 8/9/24: Novavax (NVAX) Day Trade Return of 19.0%

Novavax rebounded after a worse than expected quarterly report when the company announced that the updated COVID Vaccine would arrive in US warehouses this month and distribution would start after FDA approval. The vaccine is expected to more successful than last seasons vaccine.

Our proprietary real time alert services picked up NVAX's unusual stock and option volume early Thursday morning. Depending on your favorite momentum indicator several opportunities presented themselves to get in to capture a portion of the daily return.

As shown in the chart below, a day trade entered at 8:45 am and closed at the end of the day would have gained 19.0%. The chart shows the indicators that were triggered as well as the time.

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