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Nara Bancorp Up 24.1% Since SmarTrend Uptrend Call (NARA)
Jan 09, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Nara Bancorp (NASDAQ:NARA) on October 25th, 2011 at $7.55. In approximately 15 months, Nara Bancorp has returned 24.11% as of today's recent price of $9.37.
In the past 52 weeks, shares of Nara Bancorp have traded between a low of $8.48 and a high of $9.70 and are now at $9.37, which is 10% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
Nara Bancorp, Inc. is the holding company for Nara Bank, N.A., a commercial bank that serves individuals and small- to medium-sized businesses. The Bank accepts deposits and originates a variety of loans, and offers equipment lease financing and postdated check discount and factoring. Nara Bank operates offices in California, and in New York, Washington, and Illinois.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Nara Bancorp shares.Log in and add Nara Bancorp (NARA) 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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