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Credicorp Crosses Below its 10-day MA (BAP)

By James Quinn

Credicorp (NYSE:BAP) shares have crossed bearishly below their 10-day moving average of $159.24 on a volume of 205K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Credicorp share prices have moved between a 52-week high of $163.15 and a 52-week low of $81.78 and are now trading 88% above that low price at $153.38 per share. The 200-day and 50-day moving averages have moved 0.03% higher and 1.46% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Credicorp on January 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $97.30. Since that recommendation, shares of Credicorp have risen 64.8%. We continue to monitor BAP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses credicorp

Ticker(s): BAP