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Banco Latinoam-E Shares Down 22.1% Since SmarTrend's Sell Call (BLX)

By Shiri Gupta

SmarTrend identified a Downtrend for Banco Latinoam-E (NYSE:BLX) on June 8th, 2018 at $26.22. In approximately 3 months, Banco Latinoam-E has returned 22.11% as of today's recent price of $20.42.

Over the past year, Banco Latinoam-E has traded in a range of $19.28 to $30.50 and is now at $20.42, 6% 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 declined 1.5%.

Banco Latinoamericano de Comercio Exterior, S.A. is a specialized multinational bank established to finance the foreign trade of the countries in the Latin American and Caribbean region. The Bank focuses on short-term trade-related loans to borrowers who then loan the funds to various businesses and government institutions involved in foreign trade.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Banco Latinoam-E.

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

Keywords: spotlights banco latinoam-e

Ticker(s): BLX