NFTRH+; Update on Feb. 28 Biotech Stock Highlight

DVAX was originally highlighted for its interesting chart setup (we linked some info on the company’s fundamental situation as well) and today I’d like to update the chart, which is no longer in a setup, but nearing a breakout above resistance with good looking lower panel indicators across the board.

The original update did not have a target except to note that if successful, we’d expect new highs. DVAX has turned both the 50 & 200 day moving averages up and if it can hold above this resistance level the prospects for new highs would be looking good.


Just an fyi.

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the buy, sell, stop parameters are already noted. They are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason), which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.