When You Hear “There’s No Problem,” Brace Yourself
Politicians echo the same rhetoric in the face of advancing problems: “There is no problem,” “There
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Today, shares of National Bank of Greece (NYSE:NBG) have crossed bearishly below their 10-day moving average of .09 on volume of 7 million shares. This may provide swing traders with an opportunity for a short position as such a crossover often suggests lower prices in the near term. Watch for a close below this moving average level for confirmation. SmarTrend issued a Downtrend Alert for National Bank of Greece on January 21, 2010 at .49. In approximately 3 months, National Bank of Greece has returned 35.4% as of today’s recent price of .90. We will continue to monitor NBG’s share price relative to this moving average.