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Shinhan Financial Shares Up 11.8% Since SmarTrend's Buy Recommendation (SHG)
Jan 03, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Shinhan Financial (NYSE:SHG) on December 11th, 2012 at $33.86. In approximately 3 weeks, Shinhan Financial has returned 11.78% as of today's recent price of $37.85.
Shinhan Financial share prices have moved between a 52-week high of $42.24 and a 52-week low of $29.14 and are now trading 30% above that low price at $37.85 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.
Shinhan Financial Group Co., Ltd., a holding company, provides a full range of consumer and commercial banking-related financial services. The company's main businesses include banking, securities brokerage, trust banking, and assets management to individuals, businesses, and other financial institutions.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Shinhan Financial shares.Log in and add Shinhan Financial (SHG) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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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.MySmarTrend.com
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