National Bank Of Greece (NBG) Highlighted As Weak On High Volume

Trade-Ideas LLC identified National Bank of Greece ( NBG) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified National Bank of Greece as such a stock due to the following factors:

  • NBG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $8.6 million.
  • NBG has traded 4.6 million shares today.
  • NBG is trading at 2.65 times the normal volume for the stock at this time of day.
  • NBG is trading at a new low 7.38% below yesterday's close.

'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize (or avoid losses by trimming weak positions). In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on NBG:

National Bank of Greece S.A., together with its subsidiaries, provides diversified financial services. The company is involved in retail and commercial banking, asset management, investment banking, brokerage, and insurance activities. NBG has a PE ratio of 13.

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Today's Pre-Market Mover With Heavy Volume: National Bank Of Greece (NBG)