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Market Overview

Shares of NBG Down 21.9% Since Downtrend Call on Shares

(via COMTEX News Network)--

SmarTrend identified a Downtrend for National Bank of Greece (NYSE: NBG) on March 07, 2011 at $1.78. In approximately 4 months, National Bank of Greece has returned 21.9% as of today's recent price of $1.39.

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 $1.39, which is 19% above that low price.

National Bank of Greece is currently below its 50-day moving average of $1.41 and below its 200-day moving average of $1.81. 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 1.56% while the 200-day MA has slid 0.64%.

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


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

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