2021-04-01 • Updated
Moderna skyrocketed by 10.5% in pre-market hours on Wednesday. Can you imagine what may happen when the stock trading opens? The jump was caused by the National Institutes of Health, which has started testing Moderna's experimental Covid-19 vaccine to fight against a coronavirus variant that first appeared in South Africa. Unfortunately, the current vaccines aren’t so good at preventing this mutation, but they still provide some protection. They were designed for the original Covid-19 virus.
The bad news is that South African’s variant is more contagious and it was already found in at least 20 other countries. The good news is that Moderna’s scientists are already working to create a new vaccine, which will be effective against this variant. The NIH expects test trials will be ready already by the end of April. If the results show the vaccine is safe and effective, Moderna’s shots will be quickly delivered to the market. Actually, on April 14, Moderna will hold the virtual Vaccines Day event, where the company will share some interesting details, which will add volatility to its stock.
Meanwhile, 15 million doses of Johnson & Johnson's Covid-19 vaccine were mixed up. Thus, the deliveries will be delayed. In contrast to Johnson & Johnson’s failure, Moderna looks much better.
Moderna is moving back and forth inside the broad ascending channel. It has approached the 100-day moving average of $136.00. If it manages to break it, the way up to the high of March 22 at $146.00 will be open. After that, Moderna may rise to the one-month high of $155.00. In the opposite scenario, if it drops below the lower trend line of $118.00, the way down to the 200-day moving average of $103.00 will be clear.
Don't know how to trade stocks? Here are some simple steps.
The past two years have seen the biggest swings in oil prices in 14 years, which have baffled markets, investors, and traders due to geopolitical tensions and the shift towards clean energy.
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
What is going on with this energy asset these days, and should we prepare for further falls?
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
|
