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Stock Investors Sell Off Shares of Banco Bilbao Vizcaya Argentaria, Down 3.0%

Published on Fri, 03/01/2013 - 11:16
By Peter Chu

One of today's stocks on the move is Banco Bilbao Vizcaya Argentaria (NYSE:BBVA), down 3.0% to $9.42. The Dow Jones Industrial Average is now trading fractionally lower to 14,052 and the S&P is trading fractionally lower to 1,514.

Banco Bilbao Vizcaya Argentaria share prices have moved between a 52-week high of $10.57 and a 52-week low of $5.30 and are now trading 78% above that low price at $9.42 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.7%.

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.

Banco Bilbao Vizcaya Argentaria has overhead space with shares priced $9.42, or 6.8% below the average consensus analyst price target of $10.10. The stock should hit resistance at its 50-day moving average (MA) of $9.83, as well as support at its 200-day MA of $7.93.

By Peter Chu
pchu@fnno.com