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  • Trading Out Of The Greek Downturn With NBG 0 comments
    May 15, 2013 12:12 PM | about stocks: GY

    National Bank of Greece (NBG) has just approved a private recapitalization plan and acquired FBBank, a smaller greek bank.

    Technical Analysis

    (click to enlarge)10 day snapshot of NBG

    The black line is the 5 day price history. The 5 day price trendline shows nice upward trending growth. The green line shows trading for only this week. You will notice the trend is accelerating at a good clip. The trading volume has been significant for a week. RSI is currently above 50, but not above 80 where it starts to overheat a bit.

    Other Options

    In addition to NBG, SAN is also having nice price and volume growth. Look to these 2 stocks as options for trading out of the Downturn.

    Disclosure: I am long NBG.

    Stocks: GY
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