Genco Shipping & Trading Ltd. (NYSE:GNK) up by 11.67%, National Bank of Greece S.A. (ADR) (NYSE:NBG)

Posted by Lynn Eisler May 21, 2013 0 Comment 684 views


Miami, FL 05/21/2013 (GDPInsider) – Genco Shipping & Trading Ltd. (NYSE:GNK) is up by 11.67% from its previous close of $1.80 to currently trade at $2.01. The stock hit a high of $2.10 and a low of $1.90 during the day. The 52-week range of the stock is $1.12 and $4.54. The stock is above its 20 days simple moving average by about 29.70%, it is 6.32% below its 50 days simple moving average and about 32.41% below its 200 days moving average. We get a sense of pessimism from these indicators, and we need to be cautious since the relative strength index has moved to 58.80 reflecting that it is heading towards an overbought zone and might face a resistance at some levels. The stock has gained a significant amount in the past five trading session which is about 40.62% growth, it has also gained about 11.11% in the past month when it faced a volatility of 13.35%.

Is GNK a solid investment at these levels? Get valuable updates and exclusive insights here.

National Bank of Greece S.A. (ADR) (NYSE:NBG) is down by 9.49% from its previous close of $1.58 to currently trade at $1.43. The stock hit a high of $1.54 and a low of $1.25 during the day. The 52-week range of the stock is $0.61 and $3.25. The stock is above its 20 days simple moving average by about 15.12%, it is 40.73% above its 50 days simple moving average and about 16.78% below its 200 days moving average. We get a sense of optimism from these indicators, but we need to be cautious since the relative strength index has moved to 53.13 reflecting that it is heading towards overbought zone and might face a resistance at some levels. The stock has gained a significant amount in the past five trading session which is about 2.60% growth, it has also gained about 135.82% in the past month when it faced a volatility of 13.10%.

How Should Investors Trade NBG Now? Get the latest trends and data here.

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About Lynn Eisler

Lynn Eisler is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. Lynn has been honored with the H.L. Mencken Award for Investigative Reporting, the Champion of Justice Award for reporting on the drug war, and the John Hancock Award for business reporting. Lynn was also a Knight Medical School Fellow at the University of Michigan.

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