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Novo Nordisk Bullish Moving Average Crossover Alert (NVO)

By Nick Russo

Today, shares of Novo Nordisk (NYSE:NVO) have advanced above their 10-day MA of $52.61 on a volume of 304K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Novo Nordisk share prices have been bracketed by a low of $46.17 and a high of $60.34 and are now at $53.05, 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.2%.

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