National Bank of Greece (ADR) (NYSE:NBG) Up 14.01%, L&L Energy, Inc. (NASDAQ:LLEN) Up 15.06%
Northern, WI 05/08/2013 (GDPInsider) – National Bank of Greece (ADR) (NYSE:NBG) opened trading at 1.14 and is up 14.01% on volume of 4.55 million. NBG has a range of 1.14 and 1.19 and is trading 64.31% below its 52-week high of 3.25 and 90.16% above its 52-week low of 0.61.
NBG has a market cap of $1.24 billion and has been making steady upticks since the bank won approval from shareholders for a recapitalization plan. NBG’s gains may also be bolstered by the positive outlook for the banking sector in general. Many analysts believe that with lower interest rates taking hold in the sector, many stocks will soar. NBG has been recovering from the sizable gains made in December 2012 and the stock is trading 24.28% above its 50-day simple moving average and 36.07% above its 20-day simple moving average. No definitive target price has been set but the stock has a RSI of 63.62.
Is NBG a solid investment at these levels? Get exclusive data and trends here.
L&L Energy, Inc. (NASDAQ:LLEN) is up 15.06% in today’s trading having opened at a 4.40. The stock had a previous close of 4.80 and has relatively strong on volume of 1.05 million. The range for LLEN is 4.26 and 4.89.
L&L Energy is involved in the coal mining sector and currently has operations in the Yunnan and Guizhou provinces in southern part of the People’s Republic of China. The company has had a relatively good outing in the market since the beginning of April 2013. The company has a market cap of 162.14 million and has been very active expanding operations. L&L Energy announced expansion of operations in both Northern China and Taiwan.
The technical chart shows a southward climb which has put the price of LLEN to new highs. The stock is up 12.94% on its 52-week high of 4.25 and up 269.23% on its 52-week low. Analysts have set a target price of 7.25 for the stock, however, with a RSI of 86.14 LLEN is heavily overbought. There are 38.15 million shares outstanding and institutions own 3.84% of the stock compared to insiders who own just 1.27%.
How Should Investors Trade LLEN Now? Get exclusive insights and updates here.
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