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Novo Nordisk Bearish Moving Average Crossover Alert (NVO)

By James Quinn

Novo Nordisk (NYSE:NVO) shares have crossed bearishly below their 10-day moving average of $56.42 on a volume of 633K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Novo Nordisk has traded in a range of $46.17 to $60.34 and is now at $55.51, 20% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Novo Nordisk and will alert subscribers who have NVO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses novo nordisk

Ticker(s): NVO