Shares of Banco Bilbao Vizcaya Argentaria Under Pressure, Down 2.0%

Published on Tue, 04/03/2012 - 08:50
By Robert Cotter in Market movers, bbva, banco bilbao vizcaya argentaria, market movers, nyse:bbva

Down 2.0% to $7.81, Banco Bilbao Vizcaya Argentaria (NYSE:BBVA), is one of today's notable movers. The Dow Jones Industrial Average is now trading fractionally lower to 13,247 and the S&P is trading fractionally lower to 1,417.

Banco Bilbao Vizcaya Argentaria share prices have moved between a 52-week high of $13.01 and a 52-week low of $7.02 and are now trading 11% above that low price at $7.81 per share. The 200-day and 50-day moving averages have moved 0.47% lower and 0.47% lower over the past week, respectively.

Banco Bilbao Vizcaya Argentaria has overhead space with shares priced $7.81, or 24.7% below the average consensus analyst price target of $10.37. The stock should find initial resistance at its 50-day moving average (MA) of $8.84 and further resistance at its 200-day MA of $8.91.

Banco Bilbao Vizcaya Argentaria, S.A. attracts deposits and offers retail, wholesale, and investment banking services. The Bank offers consumer and mortgage loans, private banking, asset management, insurance, mutual funds, and securities brokerage services. It operates in Europe and Latin America.

By Robert Cotter
rcotter@fnno.com
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