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Why Moderna Has More Upside Than Its Covid-19 Vaccine Implies
InvestorPlace
1/15/2021
Last month, ahead of the release of its novel coronavirus vaccine to combat the coronavirus,
Moderna (NASDAQ:
MRNA) traded as high as $178.50. Frantic buying and selling rewarded momentum traders. So, when Moderna stock traded in the range of $140 to $165, day-traders locked in gains.
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The Moderna (MRNA) logo surrounded by syringes, pills and disposable face masks.
The heightened volatility did not last. By mid-Dec., 2020, Moderna shares broke down below its 20-day simple moving average.
Now that the stock is starting to attract buyers, what will it take for the uptrend to hold this time? ....

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