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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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  • Novo Nordisk - NVO - Barchart Chart Of The Day 0 comments
    Apr 18, 2012 10:23 AM | about stocks: NVO

    Barchart.coms Chart of the Day - Novo Nordisk (NYSE:NVO)

    Barchart Research Team - BC - Tue Apr 17, 6:46PM CDT

    Related Stocks
    NVO - Novo Nordisk A/S

    Sym Last Chg Pct
    NVO 150.29 -1.05 -0.69%

    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 $151.55 and closed up 1.55%. TrendSpotter in late March took a profit on a 2-month long position and just turned long again on April 2 at $145.77. In recent news on the stock, Barron's on Jan 25 ran a story that highlighted five drugs that could boost the fortunes of their drugmakers, one of which was Novo Nordisk's diabetes drug Degludec. However, Deutchebank on April 4 downgraded Novo Nordisk to Sell from Hold citing valuation concerns and pessimism about the sales prospects for the company's Victoza obesity drug. Novo Nordisk, with a market cap of $84 billion, is a world leader in insulin and diabetes care and also manufactures and markets a variety of other pharmaceutical products. Furthermore the company is the world's largest producer of industrial enzyme products. The company is based in Denmark.

    (click to enlarge)nvo_700

    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: 100% Buy
    • Medium-Term Indicators: 100% Buy
    • Long-Term Indicators: 100% Buy
    • Overall Average 100% Buy

    Barchart links for further information:

    Quotes and Charts
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    Technical Analysis
    Technicals Summary
    Trader's Cheat Sheet™

    Barchart Opinions
    Barchart Opinion
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    Company Info
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    Key Statistics
    Income Statement-Quarterly
    Income Statement-Annual
    Balance Sheet-Current
    Balance Sheet-Annual

    Chart of the Day Archive
    View Past Chart of the Day Reports

    Stocks: NVO
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