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Sony Corporation Message Board

tom8880031 2 posts  |  Last Activity: Jul 26, 2014 11:54 AM Member since: Jan 6, 2013
  • 5 Stocks Under $10 Set to Soar
    BY Roberto PedoneFollow| 07/24/14 - 02:55 PM EDT

    National Bank of Greece SA

    One final under-$10 banking player that looks ready to trigger a big breakout trade is National Bank of Greece (NBG_), which offers diversified financial services primarily in Greece. This stock has been rocked hard by the sellers so far in 2014, with shares down sharply by 38%.

    If you take a glance at the chart for National Bank of Greece SA, you'll notice that this stock has been downtrending badly for the last two months, with shares moving lower from its high of $4.16 to its recent low of $3.25 a share. During that downtrend, shares of NBG have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of NBG have now formed a possible double bottom chart pattern at $3.29 to $3.25 a share. This stock is starting to rebound higher off those support levels and it's quickly moving within range of triggering a big breakout trade.

    Read More: 3 Stocks Under $10 to Trade for Breakouts

    Traders should now look for long-biased trades in NBG if it manages to break out above its 50-day moving average of $3.56 a share with high volume. Look for a sustained move or close above that level with volume that registers near or above its three-month average action 5.86 million shares. If that breakout materializes soon, then NBG will set up re-test or possibly take out its next major overhead resistance levels at $3.90 to $3.97 a share, or even $4.16 to $4.50 a share.

    Traders can look to buy NBG off weakness to anticipate that breakout and simply use a stop that sits just below some key near-term support at $3.25 a share. One can also buy NBG off strength once it starts to take out $3.56 a share with volume and then simply use a stop that sits a comfortable percentage from your entry point.

    (see yahoo for full report)

  • tom8880031 by tom8880031 Jul 26, 2014 12:51 AM Flag

    despite being nearly worthless I continue to hold my many shares. May be one day THRR owner will show some mercy and some courage and revive one of his many unfulfilled promises and get this company back on the map. I am not holding my breath but you never know...

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