NVS

The next stock on our list here is going to be Novartis. The ticker is NVS. It dropped 12.77% after it disclosed that the uh Pella Carson phase 3 Horizon trial did not meet its primary endpoint.

Selena asked for NVS which has some news here. Frankly, NVS not had a lot of good news recently. Novarta shares trading lower after the company announced that the uh Peloc Carson phase 3 trial did not meet its primary endpoint.

The global phase 3 harbor study evaluating Delerian and people living Sorry. >> No, sorry. I just the the candle finally showed up. So, I just was like reacting to the drop. >> Oh, gotcha.

Okay. So, let me keep going with the news here. Sorry. Didn't mean for that to distract me. Uh, in people living with um monic distrophe type one did not meet its primary endpoint.

More bad data here. 13th reaction tells the story. This drop takes us out of this entire sideways area. I mean, gosh, this goes back to March and we're basically we we did not even we did not even glance at the 200 day.

We went through the 20, 50, 100, and 200 day. We overshot it by a ton. We're we're we've broke this sideways structure that we're in. Stocks down 13% here. 13. What's the trade on this?

uh Novartis uh is making a major move but with major moves you guys know what I say with major moves come major opportunities. So first thing I do I say wow NVS dropping 12%. That's the biggest one day drop since March of 2020. So think about that going back to COVID.

Now, when something drops outside of its normalized range, it means emotion starts to take over. And for those of us that use logic, data, and charts, which is what verified investing is all about, to decipher that, then it gives us an opportunity.

We look for where emotion will be at its height, where price will hit support, and we look at an opportunity here to go long. Where is that level? Simply put, $133. Right now, we're trading at 139.

So, it's only $6 away on a stock that is dropping precipitously already. Basically down $20, over $20 on the morning session.