Insurance Technology Industry News

TMCNet:  National Bank of Greece Down 10.9%, Shares Slide into the Red (NBG)

[December 17, 2012]

National Bank of Greece Down 10.9%, Shares Slide into the Red (NBG)

Dec 17, 2012 (SmarTrend(R) Spotlight via COMTEX) -- National Bank of Greece (NYSE:NBG) is one of today's worst performing low-priced stocks, down 10.9% to $1.63 on 1.5x average daily volume. National Bank of Greece has traded 2.2 million shares thus far today, vs. average volume of 1.4 million shares per day. The stock has underperformed the Dow (-10.9% to the Dow's 0.4%) and underperformed the S&P 500 (-10.9% to the S&P's 0.5%) during today's trading.

National Bank of Greece share prices have moved between a 52-week high of $4.10 and a 52-week low of $1.12 and are now trading 46% above that low price at $1.63 per share. The 200-day and 50-day moving averages have moved 1.58% lower and 2.52% lower over the past week, respectively.

National Bank of Greece (NYSE:NBG) is currently priced 39.3% above its average consensus analyst price target of $0.99. The stock should run into initial resistance at its 200-day moving average (MA) of $2.11 and subsequent resistance at its 50-day MA of $2.33.

National Bank of Greece S.A. offers retail and corporate banking services. The Bank accepts deposits and offers loans, lease financing, mortgages, and investing and insurance services to industrial, commercial, and consumer clients. National Bank of Greece operates domestically and overseas.

SmarTrend recommended that its subscribers protect gains by selling shares of National Bank of Greece on October 31st, 2012 by issuing a Downtrend alert when the shares were trading at $2.51. Since that call, shares of National Bank of Greece have fallen 26.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To Insurance Technology Homepage's Homepage ]

FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!