SmarTrend identified an Uptrend for HSBC Holdings (NYSE:HBC) on August 8th, 2012 at $43.91. In approximately 6 months, HSBC Holdings has returned 30.06% as of today's recent price of $57.11.

In the past 52 weeks, shares of HSBC Holdings have traded between a low of $38.56 and a high of $57.37 and are now at $57.11, which is 48% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.0%.

HSBC Holdings plc is the holding company for the HSBC Group. The Company provides a variety of international banking and financial services, including retail and corporate banking, trade, trusteeship, securities, custody, capital markets, treasury, private and investment banking, and insurance. The Group operates worldwide.

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

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