Novavax’s stock price (NVAX) edged higher in the intraday levels, buoyed by trading above the 50-day SMA, and with positive signals from the RSI, while trading alongside the secondary upward trend line in the short term. 

 

Therefore we expect more gains for the price, targeting the resistance of $12.23, provided the support of $8.40 holds on.

 

Trend forecast for today: Bullish