Trade Ideas: NBG

Breadth has really dropped off over the last hour of trading. NBG popped up on the scan at 3:17pm and there has been nothing since. Chart shows a symmetrical triangle with price currently working off 6-month support and the 50-day MA. With a stop at $9.68 this is a relatively low risk trade. $15 is next psychological target/resistance level.

National Bank of Greece S.A. and its subsidiaries provide commercial and retail banking products and services primarily in Greece and internationally. The bank engages in generating deposits and originating loans. Its deposit products include savings accounts, current accounts, demand deposits, and time deposits.




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