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Ofg Bancorp Down 51.4% Since SmarTrend Downtrend Call (OFG)

By David Diaz

SmarTrend identified a Downtrend for Ofg Bancorp (NYSE:OFG) on January 15th, 2020 at $21.35. In approximately 2 months, Ofg Bancorp has returned 51.42% as of today's recent price of $10.37.

Over the past year, Ofg Bancorp has traded in a range of $8.63 to $24.95 and is now at $10.37, 20% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 4%.

OFG Bancorp is the holding company for Oriental Bank. The Bank provides trust, money management, financial planning, and investment brokerage services, as well as consumer banking and mortgage banking. OFG Bancorp operates through a network of branch offices in Puerto Rico.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Ofg Bancorp.

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

Keywords: spotlights ofg bancorp

Ticker(s): OFG