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Banco Bradesco Up 28.5% Since SmarTrend Uptrend Call (BBD)

By James Quinn

SmarTrend identified an Uptrend for Banco Bradesco (NYSE:BBD) on June 30th, 2016 at $7.82. In approximately 4 months, Banco Bradesco has returned 28.45% as of today's recent price of $10.05.

Over the past year, Banco Bradesco has traded in a range of $4.01 to $10.79 and is now at $10.04, 150% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 2.2%.

Banco Bradesco S.A. attracts deposits and offers commercial banking services. The Bank offers business loans, personal credit, mortgages, lease financing, mutual funds, securities brokerage, and Internet banking services. Bradesco operates in Brazil and Argentina, the United States, the Cayman Islands, and the United Kingdom. Bradesco offers credit cards, insurance, and pension funds.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Banco Bradesco shares.

Log in and add Banco Bradesco (BBD) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights banco bradesco

Ticker(s): BBD