Dynavax Technologies $DVAX In Downtrend Channel After Unusual Dark Pool Selling

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Dynavax Technologies $DVAX stock has broken below its 50 and 200 day moving averages while it trades within a downtrend channel as of December 27, 2022. The stock is in a technical strong downtrend.

Dynavax Technologies stock chart on December 27 2022 in downtrend channel
Dynavax Technologies stock chart on December 27 2022 in downtrend channel

Dark Pool Trade In Dynavax $DVAX Stock

An unusually large dark pool trade occurred in $DVAX stock on December 22, 2022. The trade was valued at $5.4 million. We think the dark pool trade was a sell order because $DVAX stock fell following the trade hitting the tape.

Dynavax Technologies stock chart on December 27 2022 with a dark pool trade shown with an orange bar
Dynavax Technologies stock chart on December 27 2022 with a dark pool trade shown with an orange bar

Make sure to review this lesson on dark pool trading so that you understand the chart above.

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