Novavaxs stock price (NVAX) fell in the intraday levels on profit-taking, while gathering momentum to rise anew, amid the dominance of the main upward trend in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.

Therefore we expect the stock to return higher, targeting the resistance of $23.86, provided the support of $14.16 holds on.

Trend Forecast: Likely Bullish