Novo Nordisk Bulls in Charge

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Novo Nordisk Bulls in Charge

Published on Wednesday, 22 February 2012 12:34 Written by TradersHuddle Wire

nvo New York, February 22nd (TradersHuddle.com) - Shares of Novo Nordisk A/S (NYSE:NVO) booked a new 52 week high today by trading above $139.83, traders are definitely monitoring Novo Nordisk's price action to see if this move attracts further buying into the stock.

Novo Nordisk A/S (NYSE:NVO) develops, produces, and markets pharmaceutical products. The Company focuses on diabetes care and offers insulin delivery systems and other diabetes products. The Denmakr based company also offers biopharmaceutical products in the areas of haemophilia, growth hormone therapy, hormone replacement therapy, and inflammation.

Novo Nordisk is currently trading 0.61% versus its previous trading session close, and it has calculated support and resistance at $109.7 and $139.83 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.42% from its previous trading close, which means that Novo Nordisk stock is outperforming the overall market.

Note - Automated Content Created By TradersHuddle's Technical Scanner

Novo Nordisk Announces FDA Approves Levemir® for Expanded Use in Children Two to Five Years of Age with Type 1 Diabetes - Benzinga
Novo Nordisk A/S Rises On Unusually High Volume (NVO) - TheStreet.com
Novo Nordisk A/S (NVO): Today's Featured Drugs Winner - TheStreet.com
Caisson Biotech Enters into Development and License Agreement with Novo Nordisk - Benzinga
Novo Nordisk A/S (NVO): Today's Featured Drugs Winner - TheStreet.com
Novo Nordisk A/S Reaches New 52-Week High (NVO) - TheStreet.com
Novo Nordisk A/S Stock Hits New 52-Week High (NVO) - TheStreet.com
Novo Nordisk A/S Stock To Go Ex-dividend Tomorrow (NVO) - TheStreet.com
Novo Nordisk A/S Stock Hits New 52-Week High (NVO) - TheStreet.com
Novo Nordisk A/S Stock Hits New 52-Week High (NVO) - TheStreet.com

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