Vaxart Inc (NASDAQ:VXRT) stock has been gaining a lot of attention as the stock continues to move up for the fifth consecutive trading session.
In fact, the stock has surged almost 90% since April 21st. Earlier this week, VXRT stock went up 37.50% on April 27th on a massive volume of over 22.05 million shares.
There is no doubt that considering the recent trend, the stock is in breakout and moved up above 50-day and 200-day moving average of $6.45 and $7.39 respectively.
Moreover, VXRT stock has formed nice higher lows and higher highs trend on the chart and we may see a further rally. However, the stock made an intraday high of $11 in yesterday’s session, so once the stock breaks above this level and sustains for an hour, then further rally can be expected.
At the time of writing VXRT stock is up 9% at $10.03.
So keep on VXRT stock, but remember it could be very volatile.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.