National Bank of Greece
Another under-$10 stock that's trending within range of triggering a major breakout trade is National Bank of Greece ( NBG), which is engaged in providing financial services that include retail and commercial banking, global investment management, investment banking, insurance, investment activities and securities trading. This stock has been hammered by the sellers so far in 2013, with shares off big by 68%.
If you take a look at the chart for National Bank of Greece, you'll see that this stock has just started to rebound off its 52-week low at $5.03 a share with strong upside volume flows. This rebound is also coming off oversold territory, since its current relative strength index reading is 36. Oversold can always get more oversold, but it can also be an area where a stock experiences a powerful bounce higher from. As shares of NBG begin to bounce off that $5.03 low the stock is also quickly moving within range of triggering a major breakout trade.
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