Moderna Price Levels to Watch After Stock’s 12% Surge on Tuesday | Global News Avenue

modern (messenger RNA) shares soared on Tuesday as investors bet the pharmaceutical giant was developing a H5N1 Avian Flu Vaccine Sales could be boosted after the first death related to the disease was reported in the United States this week.

The stock rose 12% to $47.53 on Tuesday, getting off to a strong start this year after losing more than half its value in 2024. In recent years, the drugmaker’s stock price has Sales have contracted The company continues to increase spending on new drug research and development amid falling demand for Covid-19 products.

Next, let’s break it down technical on Moderna’s chart and pinpoints important price levels that investors may be paying attention to.

Decisive closing above the 50-day moving average

After the breakthrough Descending channel Moderna shares have continued to move higher over the last month, with the stock closing significantly higher than the respected stock on Tuesday 50-day Moving Average (MA) at the highest point volume since december triple witchcraft trading hours.

also, Relative Strength Index (RSI) Readings above 65 confirm bullish momentum, but are also below overbought levels, giving the stock plenty of room to test higher prices.

Let’s identify three key areas of management expenses that stocks may encounter resist and points out several important levels that can be provided support during a pullback.

Key overhead areas to focus on

The first area of ​​the head worth paying attention to is around $57. The stock may encounter selling pressure near the upper end of this area. merge A period that formed within a descending channel between October and November last year.

A close above that level could see shares climb toward the $72 area, where it could face resistance on the chart near the early September lows and subsequent lows. Contrary to the trend It peaked later that month.

Further buying could push the price to around $85. Investors who purchased the stock at lower levels may consider selling at this level in recent months horizontal line It connects February’s notable lows to a series of comparable price points throughout August. Depending on the timing of this move, this area may also find nearby resistance on the downside 200-day moving average.

Important support levels to monitor

period retracementinvestors should initially pay close attention to the $44 level. Find one at this location on the chart confluence Support is the 50-day moving average and a short-term trendline extending into mid-November.

Finally, a break down Below that level could see a retest of the $37 level, with investors likely looking for buying opportunities around November. swing low.

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As of the date of this writing, the author did not own any of the securities mentioned.