The price moved above the 50 day MA. It is up 13% today, but I still won't touch it.

National Bank of Greece (NBG) soars today

The National Bank of Greece stock is up around 13% in trading today on expectations of a favorable EU/Greece debt agreement. That is the good news. The bad news is the price has moved down around 71% over the last year.

The move today has taken the price above the 50 day MA at the $1.628 level and trend line resistance. Although those are bullish technical signals, I am not sure I would be in such a hurry to stick a toe in the water on this one.

Charts...schmarts. The risk is simply too great.