Nordson Corporation (NDSN)

[TFMG]

$NDSN Don't hold much optimism in Nordson on Global Worries

In the past few weeks, the rose tinted glasses have come off investors and selling has intensified, in particular companies with exposure worldwide and in China have been hardest hit. In NDS NASDAQ:NDSN last earnings report it missed on the top and bottom line. We do not see much reason to expect anything different this time round, the company has increased the dividend but that has not abated the selling which is clearly evident in the OBV indicator which has very BEARISH divergences. We will not be entering the name but may go short if the channel breaks down.

Analysts average rating Hold
Analysts average price target $146