Banco Bradesco: The Trend Continues Lower (BBD)
Tuesday, March 9, 2010 - 11:33
Written on Tue, 03/09/2010 - 11:33am
By Chip Brian

SmarTrend identified a Downtrend for Banco Bradesco (NYSE:BBD) on January 20, 2010 at $18.41. In approximately 2 months, Banco Bradesco has returned 2.9% as of today's recent price of $17.87.
Banco Bradesco is currently below its 50-day moving average of $18.80 and below its 200-day moving average of $18.08. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Banco Bradesco.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): BBD

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