OTCQX:MRVFF - Post by User
Comment by
controlpanelon Jul 11, 2011 6:27pm
478 Views
Post# 18820027
RE: US Dollar And Nuvo
RE: US Dollar And NuvoTwo explanations for the positive correlation between the US dollar and Nuvo:
1- A good portion of Nuvo's earnings is in US dollar.
2- US Dollar tends to increase when markets suffer. Nuvo is part of the health sector which is a defensive sector. It outperforms when markets decline. Watching the US dollar trend can help Nuvo's investors anticipate the stock moves from a different perspective