Tech Tracker | Novo Nordisk Recommend Buying above $101 With A Potential Upside of 8.9%; KTOS Has A Potential Upside of 13.7%
Our in-house experts provide daily technical analysis to assist investors in making informed trading decisions and enhancing their trading strategy.
Here's a summary of the technical analysis for 7Nov23:
1. Stock Name: Novo Nordisk A/S (NVO $Novo Nordisk A/S Sponsored ADR Class B NVO$ )
Novo Nordisk A/S develops, produces, and markets pharmaceutical products. The Company focuses on diabetes care and offers insulin delivery systems and other diabetes products. Novo Nordisk also works in areas such as haemostatis management, growth disorders, and hormone replacement therapy. The Company offers educational and training materials. Novo Nordisk markets worldwide.
Entry: Buy above $101.00
Target: $106.00 (5.0%), $110.00 (8.9%)
Stop: $98.80 (-2.2%)
Shariah: Yes
Technical: Breakout-pullback-continuation
2. Stock Name: Kratos Defense & Security Solu (KTOS $Kratos Defense & Security Solutions, Inc. KTOS$ )
Kratos Defense & Security Solutions, Inc. operates as a defense contractor and security systems integrator for the federal government and for state and local agencies. The Company offers services in weapon systems lifecycle support, military weapon range, security and surveillance systems, and IT engineering.
Entry: Buy above $17.50
Target: $19.00 (8.6%), $19.90 (13.7%)
Stop: $17.00 (-2.9%)
Shariah: No
Technical: Breakout-pullback-continuation
Source: Bloomberg, M+ Global (Malacca Securities)
More about Loui:
Loui Low leads a team of analysts to perform equity and economic research and to provide investment advisory services to the organization's sales team, fund manager and retail fraternity. He has more than 10 years of experience in the stockbroking industry.
He graduated with a Bachelor of Science in Statistics from University of Malaya. He also holds an STA Diploma and is a member of the Society of Technical Analysts (MSTA) United Kingdom.
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