Novo Nordisk - Barchart's Chart of the Day

Novo Nordisk (NVO) is the Barchart Chart of the Day.  The Danish pharmaceutical company has a Trend Spotter buy signal, a Weighted Alpha of 38.10+ and gained 27.74% in the last year.

The Chart of the Day is Novo Nordisk (NVO).  I found the stock by sorting the All Time High list for frequency in the last month, skipped the stocks that did not have positive gains for the last week and month, then used the Flipchart feature to review the stocks.  Since the Trend Spotter signaled a buy on 11/29 the stock gained 23.69%.

NVO is a leader in insulin and diabetes care and also manufactures and markets a variety of other pharmaceutical products. The company is the world's largest producer of industrial enzyme products.

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. Barchart technical indicators: 96% Barchart technical buy signals Trend Spotter buy signal Above its 20, 50 and 100 day moving averages 14 new highs and up 15.98% in the last month Relative Strength Index 81.15% Barchart computes  a technical support level at 43.20 Recently traded at 44.14 with a 50 day moving average of 38.39 Fundamental factors: Market Cap $118.08 billion P/E 25.89 Dividend yield 1.03% Revenue predicted to grow 9.50% this year and another 9.80% next year Earnings estimated to increase by 12.60% this year, an additional 13.30% next year and continue to increase at an annual rate of 12.80% a year for the next 5 years Wall Street analysts issued 2 hold recommendations on the stock Financial Strength is A++ Solid gains in revenue and earnings in a financially stable stock makes it a good pick.  The focus should be on the high P/E ratio of 25.89.  Watch the 50 day moving average for weakness and use the 100 day moving average for an exit point.