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May 02, 2013 at 10:55 AM EDT
StockCall Scrutinizes SAN, BBD, NBG, and HDB

StockCall.com Provides Stock Research on Banco Santander S.A., Banco Bradesco S.A., National Bank of Greece SA, and HDFC Bank Ltd.

New York City, New York -- (May 02, 2013)

Equity markets kicked off the month of May on a disappointing note as all three benchmark indexes fell sharply on Wednesday. The sell-off was sparked by some disappointing U.S. and Chinese economic data. In the U.S., a report showed that the private sector added only 119,000 jobs in April. Meanwhile, manufacturing activity also slowed down in U.S. for the month of April. All sectors in the S&P 500 closed lower on Wednesday, with the financial sector falling more than 1%. Among the major mover movers in the sector were Banco Santander S.A. (NYSE: SAN), Banco Bradesco S.A. (NYSE: BBD), National Bank of Greece (NYSE: NBG), and HDFC Bank Limited (NYSE: HDB). StockCall reviewed the Banking sector and chose SAN, BBD, NBG, and HDB for its technical coverage. These free reports can be seen for free at


Shares of Spain’s largest bank, Banco Santander S.A., fell sharply yesterday, tracking losses in the broad market. The stock closed 1.24% lower at $7.16 on volume of 2.54 million after trading between $7.04 and $7.29. Despite the sharp decline on Wednesday, Banco Santander’s shares are up 0.28% for the week. The stock, however, has slipped below its 50-day and 200-day moving averages which is a bearish signal. The stock’s 50-day moving average recently crossed below the 200-day moving average, forming a “death cross”. This is another strong negative signal. Download the free research on SAN by signing up now at


Another foreign bank’s stock that edged lower on Wednesday was Banco Bradesco S.A. Shares of the Brazil-based bank ended 0.60% lower at $16.49 on above average volume of 7.14 million. Despite the pullback, shares of BBD are up more than 3.60% for the week. Year-to-date, the stock has gained nearly 5% as compared to a gain of nearly 11% for the S&P 500. The Foreign Regional Bank’s shares are currently trading more than 7% below their 52-week high. The stock recently slipped below its 50-day moving average which is a bearish signal. Register for today’s free analysis on BBD at


Shares of National Bank of Greece fell sharply yesterday, extending their losses for the week. The stock ended the day 4% lower at $0.865 on volume of 3.1 million, taking its losses in the last three trading sessions to over 24%. Shares of NBG have slipped below their 50-day moving average as a result of the recent sell-off. Year-to-date, the stock is now down 51.40%. National Bank of Greece’s shares currently have support at around $0.70. Free report on NBG can be accessed by registering at


Shares of India-based HDFC Bank Limited also struggled in Wednesday’s trading session. The stock traded between $42.10 and $42.40 before finishing the day 0.47% lower at $42.24 on volume of 403,700. HDFC Bank’s shares have seen a series of highs over the past few weeks. However, the stock is now struggling to break through $42.50 resistance level. In the last one month, shares of the company have gained more than 12.50%. Year-to-date, however, the stock is up just a little over 3.70%. HDB IS trading well above their 50-day and 200-day moving averages.Register withStockCall and download the research on HDB for free at


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William T. Knight

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