20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
SmarTrend identified a Downtrend for National Bank of Greece (NYSE: NBG) on March 07, 2011 at $1.78. In approximately 5 months, National Bank of Greece has returned 29.8% as of today's recent price of $1.25.
In the past 52 weeks, shares of National Bank of Greece have traded between a low of $1.17 and a high of $2.90 and are now at $1.25, which is 7% above that low price.
National Bank of Greece is currently below its 50-day moving average of $1.34 and below its 200-day moving average of $1.72. Look for these moving averages to decline to confirm the company's downward momentum.
In the last five trading sessions, the 50-day MA has fallen 0.22% while the 200-day MA has slid 1.38%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of National Bank of Greece.
Write to Chip Brian at cbrian@mysmartrend.com
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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
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20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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