Are the shares of NRX Pharma making a comeback? A look at the charts

This could be the return of their shares after a 65% fall over the past 6 months.
A Closing above $12 on Wednesday will confirm the breakout and could be the start of the stock.
The first target of NRXP can be set at $25 as a strong resistance can be seen,

Shares of NRX Pharmaceuticals Inc. (NASDAQ: NRXP) spiked in price by over 60% on Tuesday due to positive news from the FDA related to their product Zyesami. This could be the return of their shares after a 65% fall over the past 6 months. NRXP opened almost 11% lower on Wednesday suggesting that sellers were eager to book their profits, nevertheless, this could just be a pullback before a breakout is seen.

Let’s take a closer look at the weekly chart of NRXP-

Conclusion-

The Gap down on Wednesday could only be a pullback, and NRXP could resume its rally on Thursday again. To be on the safer side of the trade, a long entry should only be taken once a breakout is witnessed with the first target set at $25.

Jun 12, 2026, 16:26 PM

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