Banco Macro (NYSE:BMA) downgraded to Neutral, $35 target, at JP Morgan. The stock closed yesterday at $30.37 on volume of 452,200 shares, above average daily volume of 115,781.

Banco Macro is currently above its 50-day moving average of $27.15 and above its 200-day moving average of $17.25.

SmarTrend is bullish on shares of BMA and our subscribers received an Uptrend alert on November 05, 2008 at $8.88, which has returned 242% to date.

Contact Chip Brian

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at www.TradeTheTrend.com/signup.html