Credicorp: 52-Week High Recently Eclipsed (BAP)
Shares of Credicorp (NYSE:BAP) traded at a new 52-week high today of $154.83. Approximately 126,000 shares have changed hands today, as compared to an average 30-day volume of 265,000 shares.
Credicorp Limited is a holding company for Banco de Credito del Peru, El Pacifico-Peruano Suiza Insurance Company and Atlantic Security Holding Corporation, among others. Credicorp provides a full range of financial services including commercial banking, corporate finance, brokerage services, asset management, trust and insurance.
In the past 52 weeks, Credicorp share prices have been bracketed by a low of $104.75 and a high of $154.83 and are now at $154.18, 47% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.3%.
Credicorp (NYSE:BAP) defies analysts with a current price ($154.18) 2.4% above its average consensus price target of $150.51. The stock should discover initial support at its 50-day moving average (MA) of $140.17 and subsequent support at its 200-day MA of $127.89.
SmarTrend recommended that subscribers consider buying shares of Credicorp on August 17th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $118.11. Since that recommendation, shares of Credicorp have risen 28.7%. We continue to monitor BAP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows credicorp