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Intesa-Sanpaolo Binary Options
Intesa-Sanpaolo is an interesting trading option for binary options traders. The Financial crisis that began in 2008 saw a dramatic drop in the share price of the company from $5 to $1.50. While it looked like the price was rallying in 2010, reaching $3, the Eurozone and Italian national economic crisis has halted the recovery and left the price below $1,50. Through this period, and particularly since November 2011, trade volumes have increased above previous levels as traders find opportunities to trade the negativity and pessimism attracted by the stock.
The Italian banking group was the product of the merger, in 2007, between Banca Intesa and Sanpaolo IMI. The bank has a strong presence in Italy and is commencing an ambitious expansion program into Eastern Europe, North Africa and the Middle East. The company had 7,500+ branches in 2010 and assets in excess of $877billion.
The main trading Intesa-Sanpaolo is on the Milan Stock Exchange, Borsa Italiana, and can be found with the ticker ISP.
Binary Options traders will notice that this stock is fragile at the moment and that negative news can impact the price pretty forcibly. Opportunities to trade occur on a daily basis as the price fluctuates in bearish and bullish trends, reverses and breakouts. There is good reason for there being such consistent trade volume in Intesa-Sanpaolo stock; there are significant profits to be made if you can find a way to make good decisions.
Binary option trading is about making these consistent good decisions. Traders will have to really understand the Eurozone, Italy, the financial market picture and Intesa-Sanpaolo stock itself to make consistently high returns day trading this stock with binary options.
Interested in Intesa-Sanpaolo binary options?
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