DVAX finally broke over a strong resistance level @ 2.05. This level needs to hold to follow through with a continuation upward movement.



Currently in a daily squeeze which is triggering long. Has a supporting underlying trend line which you can use as max pain if the now 2.05 support cracks. This one is not a runner, but more of a swing trade for the higher levels. This one is going to take some tie to show any real moves as their main drug is not even set to finish trails in Q4 2015 (Currently enrolling Q1 2014). EMA approval should be sooner then US approval.

Current has 2 other drugs in Phase 1 trials in partnership with other bio-techs.

Disclosure - I am long April '14 $1 calls short the Jul '14 $3.00 calls & also own 5000 shares