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Downtrend Call Realized As National Bank of Greece Stock Falls 17.4% (NBG)

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(via COMTEX News Network)--

SmarTrend identified a Downtrend for National Bank of Greece (NYSE: NBG) on March 07, 2011 at $1.78. In approximately 2 months, National Bank of Greece has returned 17.4% as of today's recent price of $1.47.

In the past 52 weeks, shares of National Bank of Greece have traded between a low of $1.35 and a high of $2.90 and are now at $1.47, which is 9% above that low price.

National Bank of Greece is currently below its 50-day moving average of $1.73 and below its 200-day moving average of $2.00. 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 1.68% while the 200-day MA has slid 0.83%.

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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