He typed in the typical personal information required for such transactions, and a password that he used for all of his accounts. Helmer never did receive that tool he thought he had purchased.
Shares of Moderna (MRNA) shot higher at the open on Wednesday, but quickly pulled back. Why am I not a buyer of Modera? Let’s go to the charts to find out.
After pulling back sharply in August, Moderna has been on a tear. In this comparison chart, we see that as of Wednesday morning, Moderna has climbed by 33% since September 8th.
Over that same period of time, the Nasdaq has gained just over 3%, and the S&P 500 has gained about 1%. But is that reason enough to buy the stock?
Since late August, Moderna has formed a technical pattern known as a cup and handle. The breakout point for the pattern was $70.50.
Now let’s get into the reasons why I don’t like this stock. First of all, the breakout from the cup and handle occurred