$NVO giving another entry opportunity before moving higher?
* Good earnings
* Very strong up trend in the long term
* Broke out of a ~4month base and now retested it as support
* Sector: Healthcare - Drug Manufacturers - General
* Relative Strength vs. Sector: 8.35
* Relative Strength vs. SP500: 2.56
* U/D Ratio: 2.21
* Base Depth: 26.05%
* Distance from breakout buy point: 1.01%
* Volume 145.18% above its 15 day average.
Trade Idea:
* Given the amount of volume that came in around $116.55, it seems like there's quite a bit of demand for this stock around this price.
* You can look to enter now as the price is very close to the broken base
* The U/D ratio indicates that the stock's under accumulation
* If you're looking for a better entry you can look to enter around $115.16
* Very strong up trend in the long term
* Broke out of a ~4month base and now retested it as support
* Sector: Healthcare - Drug Manufacturers - General
* Relative Strength vs. Sector: 8.35
* Relative Strength vs. SP500: 2.56
* U/D Ratio: 2.21
* Base Depth: 26.05%
* Distance from breakout buy point: 1.01%
* Volume 145.18% above its 15 day average.
Trade Idea:
* Given the amount of volume that came in around $116.55, it seems like there's quite a bit of demand for this stock around this price.
* You can look to enter now as the price is very close to the broken base
* The U/D ratio indicates that the stock's under accumulation
* If you're looking for a better entry you can look to enter around $115.16