The stock recently broke above the short-term moving average of 50-DMA last week and also from a Symmetrical triangle pattern breakout which is a bullish sign. Symmetrical triangles are formed when neither the bulls nor the bears have the upper hand in a directionless market and can be identified when the stock makes lower highs and higher lows.
Moderna shares soar 135% in a day after cancer vaccine succeeds in late-stage trial
Moderna shares surged after its personalized mRNA cancer vaccine trial showed positive results. The treatment, combined with Keytruda, reduced melanoma recurrence and spread significantly. This