The analyst added to their long position in NVO at $38, expecting it to increase significantly to $400 with a 5% dividend yield.
Despite a price drop from $60 to $36, fundamentals remained strong, prompting the analyst to buy at $38 and hold for a potential 10x increase to $400.
$NVO has now broken out People got afraid of this when it dropped from $60 to $36 But the fundamentals stayed strong, so we added at $38. This is what I said on April 21st: '$NVO can 10 X from here to complete a standard impulse count Buy at $40 and hold to $400. +5% Dividend'
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +1.7% | +1.9% |
| 1 week | +3.5% | +3.4% |
| 1 month | +7.7% | +8.3% |
| 3 months | — | — |
| 6 months | — | — |