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Benzinga
Benzinga
Business
Melanie Schaffer

Here's What To Watch On Moderna As The Stock Flies Higher

Moderna Modern MRNA Nasdaq

Moderna, Inc (NASDAQ:MRNA) was trading over 8% higher at one point on Monday morning, bouncing up within a descending channel pattern on the daily chart.

In the pattern, a stock makes a series of lower lows and lower highs between two parallel trendlines. The pattern is bearish for the short term, but can be bullish down the road.

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