National Australia Bank (OTCMKTS:NABZY) Shares Cross Above 200 Day Moving Average – Here’s Why

National Australia Bank Ltd. (OTCMKTS:NABZY)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.38 and traded as high as $13.54. National Australia Bank shares last traded at $13.23, with a volume of 95,422 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NABZY shares. National Bankshares assumed coverage on National Australia Bank in a report on Wednesday, October 8th. They issued a “sell” rating and a $38.00 price target for the company. The Goldman Sachs Group upgraded National Australia Bank to a “strong sell” rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, National Australia Bank presently has an average rating of “Sell” and an average target price of $38.00.

National Australia Bank Stock Performance

The company’s fifty day moving average is $14.11 and its 200-day moving average is $13.38.

National Australia Bank Company Profile

National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, and internationally. The company operates through Business and Private Banking; Personal Banking; Corporate and Institutional Banking; New Zealand Banking; and Corporate Functions and Other segments.