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Monday, July 1, 2013

Unique Volume Spotted - (NYSE: NVO)

NYSE (NYSE: NVO): traded higher by 1.48% or $2.3/share to $157.27. In the past year, the shares have traded as low as $143.42 and as high as $194.44. On average, 271630 shares of NVO exchange hands on a given day and today's volume is recorded at 582543. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $164.57 area but be careful because the stock may face selling pressure at this level.