Today's Research on Banco Bradesco, UBS AG, Banco Santander, National Bank of Greece, and HDFC Bank
by PR Newswire
LONDON, March 4, 2013 /PRNewswire/ --
Markets had a tumultuous week but ended on positive note last Friday. The Dow Jones closed the week at 14,089.66, up 0.25 percent while NASDAQ was up 0.30 percent to close at 3,169.74. Similarly, S&P also ended at a positive note at 1,518.20, up 0.23 percent. Our research team took a look at the banking sector including major companies like Banco Bradesco SA (NYSE: BBD), UBS AG (NYSE: UBS), Banco Santander SA (NYSE: SAN), National Bank of Greece (NYSE: NBG) and HDFC Bank Limited (NYSE: HDB). StockCall professionals have completed their technical analysis on BBD, UBS, SAN, NBG, and HDB and these free reports are accessible by registering at
http://www.stockcall.com/research
Banco Bradesco SA is currently in a bullish mode as the stock ended its previous trading session at $18.09, up 0.67 percent. The stock traded in the range of $17.79 and $18.11 during the session. Its first support level is at $17.83 and upon breaching this level, the stock may go down to $17.05 level. On the upside, Banco Bradesco's stock may touch $18.16 level. The stock has traded in the range of $13.17 and $18.85 in the past 52 weeks and it declined by 2.32 percent during the same time period. On a Year to Date basis, the stock is up 4.15 percent. Sign up for the free technical research on BBD at
http://www.StockCall.com/BBD030413.pdf
UBS AG shares were down for its latest trading session, on Friday, ending the day 1.83 percent lower at $15.52. The stock fell to an intra-day low of $15.11, while its intra-day high stood at $15.63. It lost more than a percent this year, compared to a gain of 6.45 percent for the S&P 500. UBS AG shares have strong support at around $14.86, as the stock shows a bearish trend. It is trading lower than its 20-day and 50-day moving averages. UBS traded 9.74 million shares during the session, up from its usual volume of 3.20 million. Be sure to read our latest technical research on UBS by registering at
http://www.StockCall.com/UBS030413.pdf
Banco Santander SA traded in the range of $7.32 and $7.50 in its latest session and ended Friday at $7.49, down 1.19 percent. The stock's 52 weeks range stands at $4.88 and $8.86. Banco Santander has lost 10.83 percent of its value in the past 12 months, while it lost 8.32 percent so far this year. Banco Santander is in a neutral mode and may find its first support level at $7.37. It is trading below its 20-day moving average of $7.79. Sign up and read the complimentary report on SAN at
http://www.StockCall.com/SAN030413.pdf
Shares of National Bank of Greece ended Friday's trading session at $1.23, down 1.60 percent. The stock is down more than 31 percent this year, in contrast to the broad market. It has support at around $1.20 at the moment. National Bank of Greece is trading below its 6-day and 20-day moving averages. At the close of the session, the stock traded 1.17 million shares, while its regular trading volume stands at 1.55 million. The free report on NBG can be downloaded by signing up now at
http://www.StockCall.com/NBG030413.pdf
HDFC Bank Limited stock is in a neutral mode and is trading below its 20-day SMA of $38.16. It ended its latest trading session, on Friday, 0.26 percent higher at $38.15. What's more, it oscillated in the range of $37.60 and $38.22 during the session. The stock trades at Price/Earnings ratio of 25.95. HDFC Bank Limited is expected to face its first resistance level at $39.21. Free report on HDB can be accessed by registering at
http://www.StockCall.com/HDB030413.pdf
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