Stock Of The Day: Breakdown In Novo Nordisk?

This means it could keep moving lower, which is why it's our Stock of the Day.Like any market, supply and demand drive the stock market. If a stock trends lower, there’s more supply, or shares for sale, than there are to be bought.This results in a downtrend. It forces traders and investors to undercut each other's prices.But when a stock reaches a support level, the buyers flood the market. There are enough buy orders to take in or absorb all of the sell orders, so the price stops going down.As you can see ...