Downtrend Call Realized As National Bank of Greece Stock Falls 25.3% (NBG)
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 25.3% as of today's recent price of $1.33.
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 $1.33, which is 14% above that low price.
National Bank of Greece is currently below its 50-day moving average of $1.40 and below its 200-day moving average of $1.80. 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 0.4% while the 200-day MA has slid 0.38%.
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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