Novo Nordisk A/S NVO is trading higher on Friday. It is just below resistance around the $58 level.Novo has been in a major downtrend since June 2024. Since then, it has lost about 60% of its value. But there is a chance that a reversal may be taking place. This is why it is our Stock of the Day.Sometimes traders and investors forget the basic principles of financial markets and overcomplicate things. One of these principles is that prices are determined by supply and demand.If a stock is in a downtrend, it ...

Enphase Energy, Inc. ENPH is trading higher by more than 4.4% at last check on Monday. This follows a significant jump on Friday, driven by news that the company announced the launch of its new IQ Batter 5P with FlexPhase for customers in Australia — its most powerful home battery. The long downtrend that the stock has been in may finally be about to end. Enphase could be about to reverse and move higher. This is why it's our Stock of the Day. Some people say there are no guarantees in the market. But there ...