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Novo Nordisk - NVO - Barchart Chart Of The Day

|Includes:Novo Nordisk A/S (NVO)

Barchart.com's Chart of the Day - Novo Nordisk (NYSE:NVO)

Barchart Research Team - BC - Tue Oct 02, 5:13PM CDT

The "Chart of the Day" is Novo Nordisk (NVO), which showed up on Tuesday's Barchart "All-Time High" list. Novo Nordisk on Tuesday posted a new all-time high of $162.13 and closed +1.47%. TrendSpotter just took a profit on a long trade in early September and then turned long again on Sep 21 at 158.96. In recent news on the stock, UBS on Sep 21 upgraded Novo Nordisk to buy from Neutral. Novo Nordisk, with a market cap of $91 billion, is a world leader in insulin and diabetes care and also manufactures and markets a variety of other pharmaceutical products.

(click to enlarge)nvo_700Click to enlarge

How we found the Chart of the Day:

We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

  • TrendSpotter: Buy
  • Short-Term Indicators: 80% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 96% Buy

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Stocks: NVO