Novartis Shares Hit Record Highs, Dividend Seekers Take Note
Novartis AG shares have reached record highs, currently trading at 104.180 Fr (SIX). Long-term investors and dividend seekers are showing interest, drawn by the stock's upward trend since 2015 and stable earnings outlook. Analysts generally advise holding shares, with some seeing buying opportunities.
The Novartis share price has been on a steady climb, recently surpassing previous peaks and challenging a long-term resistance level from 2015. If the price can sustain above 105 CHF, it could accelerate towards 120 CHF, with further targets around 133-135 CHF.
However, if the price retreats to the pullback line and turns down, it might face setbacks around 96-97 CHF. In a worst-case scenario, longer corrections could push the price below 91 CHF.
Novartis AG shares continue to perform well, attracting long-term investors and dividend-focused traders. The share price has broken through previous highs and is attempting to sustain a new upward trend. While analysts recommend holding, further gains could be ahead if the price can maintain its current momentum.
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