Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Novo Nordisk - NVO - Barchart Chart Of The Day

|Includes:Novo Nordisk A/S (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.

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
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
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