Stock Of The Day: Moderna Stock Plunges, Breaking Key Support Levels Following Earnings Report

Moderna, Inc. MRNA shares are getting hit because of a bad earnings report. The Street didn't like the numbers. The shares have broken a support level and may form a new downtrend. This is why Moderna is our Stock of the Day. If a stock is trending lower, there is more supply than demand. There aren't enough buy orders to absorb all of the sell orders. The market is out of equilibrium. If the stock reaches support, the dynamics change. There is enough demand to absorb the supply. For every sell order, there ...