Will shares of Novavax, Inc. (NASDAQ:NVAX) hold onto their early gains? The stock is gapping up 36.54% before market open touching $103.05 on a recent bid. Most investors are aware that not all stocks will be performing well at the same time. Different stocks may have alternate reactions to various economic factors, world events, and business happenings. When one stock is up, another one might be on the way down. Keeping the portfolio full of names from different sectors can help offset imbalances when one stock or sector may be performing poorly while another stock or sector is doing well. Diversification is typically recommended with all types of investing. Many factors may come into play when trying to pick the right stocks to own. Investors may want to figure out how much they are willing to risk, and what kinds of returns they are looking for. Many beginner investors may not be comfortable picking stocks on their own. Seeking professional advice may be one avenue to pursue, but it is usually a good idea to know exactly what holdings are in the portfolio at all times, as markets can move quickly and without notice.
Technicals At a Glance
Novavax, Inc. (NASDAQ:NVAX)’s RSI (Relative Strength Index) is 80.33. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.
Novavax, Inc.’s 20-Day Simple Moving Average is 59.75%. Extending back, their 50-Day Simple Moving Average is 117.94%, looking even further back, their 200-Day Simple Moving Average stands at 488.62%.
Novavax, Inc.’s stock has performed at 1895.98%. Breaking that down further, it has performed 2.65% for the week, 77.88% for the month, 408.90% over the last quarter, 1689.19% for the past half-year and 1448.54% for this last year.
Sell-side firms are projecting that the stock will reach 86.25 within the next year. Analysts currently have a mean recommendation of 2.20 on the name.
New investors may be trying to figure out the best way to build a solid foundation with which to make future investing decisions. There are many different paths that an investor can take once they become familiar with the territory. Some investors will choose to study professional analyst research and recommendations. This can be very useful, but many investors may feel more comfortable doing their own research. Conducting stock research may involve looking at the fundamentals of a certain company. Understanding what kind of competitive advantage a company might have compared to others in their industry may help weed out some of the more undesirable stocks. Because there is no one way to properly conduct stock research, investors may need to try a few different methods in order to determine the best individual course of action.